The Government's new €1bn housing plan announced earlier this week aims to increase stock and drive down the cost of construction.
Development levies to local authorities for the construction of homes will also be temporarily scrapped for 12 months while grants of up to €70,000 will be provided for vacant and derelict properties.
Cavan Monaghan Fianna Fail TD, Deputy Niamh Smyth, says the move will prove beneficial to rural Ireland, in particular.
She highlighted how CSO figures identified thousands of derelict and vacant properties not just in Cavan and Monaghan but right across the country.
Deputy Smyth added that those returning to rural Ireland because of remote working opportunities can now buy a home because of these new measures.
"We know from the CSO results that thousand and thousands of these types of buildings are lying around the country, not being utilised, and hopefully these grants will incentivise, but also give people the opportunity to look at those houses differently. We know COVID taught people how to work remotely, and it's provided people more opportunities to do that and try and get the balance of lifestyle for people much better and I think we saw a huge rush of people out of the more urban areas to get living in more rural constituencies like Cavan and Monaghan"
