Advertisement

New 'Housing For All' plan will not include vacant property tax or 'rightsizing' incentives

The new Housing For All plan will not include a vacant property tax or 'rightsizing' incentives. ...
Newstalk
Newstalk

07.11 2 Sep 2021


Share this article


New 'Housing For All' plan wil...

New 'Housing For All' plan will not include vacant property tax or 'rightsizing' incentives

Newstalk
Newstalk

07.11 2 Sep 2021


Share this article


The new Housing For All plan will not include a vacant property tax or 'rightsizing' incentives.

Newstalk understands the plan will instead include a commitment to examine the measures.

The long-awaited Housing for all plan commits to spending an unprecedented €4 billion each year to deliver 33,000 homes.

Advertisement

It breaks down as 10,000 social homes, 4,000 affordable homes, 2,000 cost rental homes and 17,000 private houses each year.

Creative ways at tackling the housing - crisis such as incentives to encourage 'empty nesters' to downsize - were considered, but are not part of the plan.

It does say a national policy on rightsizing will be developed

In addition, a tax on vacant properties has also been kicked down the road, with Government committing to collecting data on vacant homes "with a view to introducing" such a tax.

The plan aims to eradicate homelessness by 2030 and commits to reforming the Fair Deal scheme.

The Local Authority Home Loan will be expanded.

It means single applicants with gross income of up to €65,000 looking to buy in the Greater Dublin Area, Cork or Galway can apply and avail of a lower interest rate.


Share this article


Most Popular