Labour Party to propose The Land Bill
The Labour Party's proposing new legislation which it says could knock tens of thousands of euro off house prices.
The Land Bill is based off a recommendation from the 1973 Kenny Report, which suggested capping the price of land to make housing more affordable.
Local authorities would be able to compulsory purchase land at agricultural values, plus 25% under the proposal.
Labour Party housing spokesperson, Senator Rebecca Moynihan, hopes the government will get behind the bill.
"I really hope that the government work with this and engage with this and actually work with us to bring down the cost of providing housing.
"I hope that they don't vote this down, this is a central part of bringing down the cost of housing because land costs are a significant contributor to the high cost of housing."
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