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

22nd November, 2020
State pays €2,300 a month for social housing units
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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

A semi-detached family home close to the coast in Co Dublin

Splendid detached Wexford residence comes to market in pristine condition

On the Market: Our pick of the homes on offer this week

Editor’s choice: