Sinn Féin has called on the government to scrap the shared equity scheme that’s part of the Affordable Housing Bill as they fear it’ll push up property prices.
A similar scheme was established in England in 2013 and was supposed to be a short term solution but remains in place.
The ESRI and Central Bank are two groups who share concerns around the scheme which involves Government taking a 20% stake in a new build home, subject to regional price caps.
Enniscorthy TD Johnny Mythen says it’s a bad idea as developers will pass on the price to the consumer:
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