Housing

Minister for Housing unveils €750m cost rental scheme

The project, which aims to deliver more than 4,000 houses in four years, could see builders earn up to €200,000 per unit built

Darragh O’Brien, the Minister for Housing: “We are using every tool at our disposal to activate sites and to boost the construction of new homes at scale.” Picture: Maura Hickey

Builders could get up to €200,000 per cost-rental home as part of a new government scheme to deliver more than 4,000 units by 2027.

The €750 million Secure Tenancy Affordable Rental (STAR) investment scheme is designed to stimulate the creation of cost-rental accommodation by providing equity to address viability challenges for developers.

Private providers and approved housing bodies can apply for the funding if they designate the homes as cost rental for 50 years.

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