Labour and Social Democrats have indicated the phase-out of Help to Buy and First Home schemes. The key challenge is identifying common ground on housing policy to form a government.
All the parties have acknowledged the need to deliver a higher number of homes and the greater involvement by the State in doing so
“From a pure policy perspective, there’s quite a lot of room for compromise,” said Dr Michael Byrne, lecturer in the school of social policy, social work and social justice in University College Dublin. “It depends a lot on how invested the parties are in their different policies,” he added.For Byrne, who has written an extensive post on Substack comparing the party manifestos and examining where they diverge and converge, the policy gap can be closed in many instances through compromise.
Fianna Fáil sources, however, have particular concerns about the Social Democrats moving further to the left on housing, while describingas being “very constructive” on housing in opposition. However, the party is not enthused by Labour’s plans to convert theinto a State construction company, including the direct employment of workers and a direct building capacity for the State. “That’s not going to happen,” said one senior source in Fianna Fáil.
For Byrne, however, from a policy point of view there could be agreement to maintain them in their current form rather than expand them, while reforming the schemes by making them more tightly targeted through the introduction of price caps or income limits. However, the element that is missing when viewing this entirely as a policy problem is politics: given that all parties have gone to the wall on this, identifying a consensus that isn’t seen as a climbdown by one group is the hard part.
Housing Policy Government Formation Help To Buy First Home Scheme State Involvement
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