Monday November 23, 2020

State pays €2,300 a month for social housing units

Rent paid to developers in Dún Laoghaire-Rathdown is significantly above current average for the area

Killian Woods

Business reporter

22nd November, 2020
Cian O'Callaghan "the monthly cost of renting these homes by the state could fund the purchase of an investment property worth €450,000 over a period of 16 years“

The state spent an average of €2,300 a month for each social housing unit in the Dún Laoghaire-Rathdown area last year.

Developers are required to provide 10 per cent of units in new residential developments to the state for social housing. Under Part V of the Planning and Development Act, developers can sell or lease the homes to a local authority, or they can provide land banks.

Analysis by the Business Post has shown...

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