Housing Minister says new laws will help more people to buy
The Housing Minister believes proposed new housing laws will allow more people buy their own home.
The Affordable Housing Bill aims to allow people buy a house at an affordable price.
There are also provisions for affordable rent, which will see 400 cost rental homes delivered this year.
Darragh O’Brien says the bill will also help people who want to buy, but are stuck renting.
"This will work - I'm more than confident of that.
"We're not changing any macro prudential rules at all - it's very prudent.
"There are people paying €2,000 a month in rent who can't get a mortgage - if they were able to get a mortgage the mortgage payment would be just over €1,000 - this will actually help that."
More from Cork
-
Lord Mayor Of City Felt Privileged To Represent Cork During Such A Difficult Time As He Faces Into Last Month In Office
Councillor Joe Kavanagh will be handing over the mayoral chains outside of City Hall for the first time ever on June 18th due to the pandemic
-
Expert calls for people to reduce meat intake
Eating too much meat can increase the risk of serious illnesses by as much as 30%.
-
International Care Day Is Being Celebrated At The Bessborough Centre In Blackrock Today
The event highlights the positive impact of the experience of young people in care
-
UPDATE: Teenage Girl Killed And Three Teenage Boys Injured In Knocknaheeny Crash
It's understood the teenage driver of the car fled the scene on foot
-
Angry Farmers To Stage Protest Outside Aldi in Mitchelstown Later
They're appealing to retailers to come to the talks table
-
UPDATE: Toddler Who Was Injured At Her Home On The Boreenmanna Road Has Died
The two year-old was rushed to hospital with traumatic head injuries