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.

Last...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Housing crisis is coming home to roost for the government parties

Housing Elaine Byrne 11 hours ago

Property funds outbid housing bodies by ‘up to €80k per home’

Housing Michael Brennan 11 hours ago

Michael Brennan: A plague on both your houses: Mullen Park is a warning to FF and FG

Housing Michael Brennan 11 hours ago

Aidan Regan: How to stop the rot? Don’t treat housing as a financial asset

Housing Aidan Regan 11 hours ago