Why housing plan will line the pockets of investors
Not content with spending €540 million a year subsidising private rental tenants, Fine Gael is hellbent on subsiding private investment funds to build and lease back homes to the state
Last January, the Department of Housing quietly announced a new social housing initiative. At first glance, the Enhanced Leasing Scheme looks like the latest in a long list of largely unsuccessful attempts to attract private finance into the provision of social housing.
Not content with spending €540 million a year subsidising private rental tenants, Fine Gael is hellbent on subsiding private investment funds to build and lease back homes to the state.
The leasing model...
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