HAP supports have ‘steepened’ the cost of renting in Ireland
KPMG report finds the Housing Assistance Payment is forcing rent prices upward and luring big international developers into the market
A state scheme to supplement the rents of social tenants has directly “steepened” the cost of renting in Ireland, according to a new analysis by KPMG.
The Housing Assistance Payment (HAP), established in 2014, is a form of social housing support given to social tenants that covers accommodation costs in private landlord-owned properties.
The HAP scheme is one of several government interventions that sought to address the lack of affordability in the rental market. The ...