Croi Conaithe | Business Post

O’Brien plans ‘backstop’ for developers and tax cuts for small landlords

Minister for Housing says budget measures would see state buy unsold apartments and use them for cost rental housing

Green light for €450m state scheme subsidising private apartments

The Croí Cónaithe Cities scheme will provide builders with between €25,000 and €144,000 per unit

Developers sign up for €144k in state subsidies to build private apartments

It is hoped the help for builders will allow them to deliver affordable housing

Government's €450m subsidy for apartment developers still waiting for European Commission approval

The scheme, which proposes to pay developers €450 million to build apartment projects for purchase by individuals and families, not funds, was launched in 2021, but has been unable to proceed

Experts raised questions over ‘ambitious’ €450m subsidised homes plan

Records reveal that property industry and banking sector lobbyists at a ‘stakeholder engagement meeting’ questioned the Croí Cónaithe scheme’s ‘ambitious’ timeline and raised concerns about overall demand for apartments

No records kept of Croí Cónaithe meeting with industry lobbyists

Property industry and banks helped design the scheme, which gives developers subsidies of between €25,000 and €144,000 per unit to build apartments

John Walsh: Influx of Ukrainian refugees shows why the government must intervene in the housing crisis

Serving as a safe haven for those fleeing Russia’s tyranny is the right thing to do and can bring economic benefits, but it’s heaping pressure on the government to address key structural deficiencies

Investment funds can buy unsold Croí Cónaithe apartments after one year

No provision has been made in controversial scheme to make developers sell unsold apartments to state or reduce prices

Buyers can flip state-backed apartments and keep profits

New details of Croí Cónaithe scheme show that purchasers cannot be stopped from quickly reselling the homes with only a small clawback of the subsidy required