Kelly set to bring social housing plan to cabinet
Policy designed to lure investors with guaranteed income streams
Environment Minister Alan Kelly will this week bring a plan to cabinet to entice investors into the social housing market by guaranteeing up to 90 per cent of the income stream from the schemes.
The policy would be targeted at institutional investors and pension schemes who would be seeking secure, state-guaranteed income streams over a long period.
Under the plan, up to 80 per cent of the income from a project developed in conjunction with an...
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