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

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 an ...