Tuesday December 1, 2020

Hundreds of social homes could lapse back into private ownership

Local authorities are entering leasing rather than purchase deals with developers in fast-track schemes and after lease periods, properties could return to private market

Killian Woods

Business reporter

@killianwoods
16th February, 2020
Developers are required to provide at least 10 per cent of all new homes constructed to local authorities for social housing.

Hundreds of social homes being fast-tracked are at risk of lapsing back into the private market, the Business Post can reveal.

Developers are required to provide at least 10 per cent of all new homes constructed to local authorities for social housing.

The state’s housing policy encourages county councils to acquire these homes, but research by the Business Post has shown that several local authorities have agreed to lease the properties instead.

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