Social Democrats propose state savings account to free up money for new housing

Social Democrats propose state savings account to free up money for new housing

A state-backed savings account with higher interest rates for households would free up money to deliver affordable homes, the Social Democrats have said.

Social Democrats propose new State savings scheme to finance home building

The Social Democrats will this week propose the setting up of a new State savings scheme to fund the accelerated delivery of affordable homes. Deputy Rory Hearne, who is the party’s spokesperson on housing, said: “Under our proposal, the government would establish a Homes for Ireland Savings Account, similar to the Livret A model in France. This is an innovative way of offering an incentivised savings scheme for Irish savers, while opening up a …