New cost-rental homes will leave tenants spending 40% of wages on rent

The homes in Dublin and Cork are being delivered by the Land Development Agency, but critics are describing them as unaffordable to most renters

14th March, 2021
New cost-rental homes will leave tenants spending 40% of wages on rent
Last year, the LDA lodged plans to develop the country's largest cost-rental scheme in Shanganagh, Co Dublin, which will include 306 cost-rental units.

Hundreds of cost-rental homes due to be delivered by the state will charge rents in Dublin and Cork that leave average income earners in “housing stress” – spending two-fifths of their take home pay on rent.

The rents due to be charged call into question whether the units being delivered by the Land Development Agency (LDA) can be deemed “affordable”, according to Thomas Gould, the Sinn Féin TD.

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