The Welsh Government is expected to receive a paper outlining a number of "practical proposals" aimed at tackling the second homes crisis, before the end of the month.
Speaking on BBC Radio Wales' Sunday Supplement the First Minister said: "Progress is definitely being made inside the Welsh Government to come forward with a package of proposals that we will want to talk to others about to address the issues that have been highlighted again recently. I expect the cabinet to have a paper before the end of this month drawing together all those ideas and giving some practical proposals to consider."
Drakeford also said that the Welsh Government will respond to the recommendations made by Dr Simon Brooks of Swansea University in his report on the crisis.
Drakeford said: "Some listeners will know that an important report on this whole issue was published in March by Dr Simon Brooks at Swansea University. And we hope to respond to that report this month as well with a series of recommendations aimed, not only at the Welsh Government, but at local authorities as well."