State plan to lease 2,400 homes from funds is set to cost almost €1 billion
New records show the government has little or no idea of the scale of activity being engaged in by institutional funds in this country
The government’s plan to lease 2,400 homes from institutional funds this year will cost close to €1 billion in total over the 25-year term of the deals, the Business Post can reveal.
Last week, Darragh O’Brien, the Minister for Housing and his government colleagues came under pressure over a last-minute stamp duty exemption brought forward for funds that bulk buy homes to lease to the state for social housing.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
State has paid just €400k to Donegal homeowners under mica redress scheme
Only 14 homeowners have progressed through the three-step grant programme to the point where they have received funds to pay for reconstructive works on their mica-damaged homes
Lack of home delivery through repair and leasing scheme is ‘unforgivable’
John Cummins, a Fine Gael senator, says he is ‘very frustrated’ as only 247 formerly vacant or derelict homes are back in use despite a target of 3,500
Housing Agency told O’Brien how to avoid legal action on affordable housing move
A previously unpublished Housing Agency report from December 2020, now seen by the Business Post, said the government could avoid legal challenges by developers if an “up to 20 per cent” wording was used in new Part V rules.
FG TD condemns delay in building Killiney apartments
Work has yet to start on Park Developments’ scheme in the affluent south Dublin suburb which got fast-track planning permission in 2019