‘Overwhelming case’ for large scale investment in Council-led affordable cost rental – Ó Broin
Sinn Féin Housing Spokesperson Eoin Ó Broin TD has commented on the publication of a report, Exploring Affordability in the Irish Housing Market, which indicates that households, in the private rented sector especially, were paying an average up to half their income on rent.
Deputy Ó Broin said:
“That data in the report, published in the Economic and Social Review, confirms that low income households renting privately are facing acute affordability pressures especially in Dublin and the commuter belt.
“More importantly however, the paper makes the point that, between 2006 & 2016, the lowest 25% of earners living in the private rented sector faced high housing costs.
“This demonstrates that housing affordability issues are not a recent phenomenon for low income households.
“The report suggests that state intervention is required to provide suitably priced accommodation for these households.
“Sinn Féin has made the case for large scale investment in Council-led affordable cost rental. Despite the government’s commitment to roll out affordable rental in both the Programme for a Partnership government and Rebuilding Ireland, no such rentals will be available until 2020 or even 2021.
“Even then, these will not be on the scale required. The cost rental projects in Dun Laoghaire will have entry rents at 80% of market rent, €1,300, which is not and should not be called affordable.
“Three different reports in the last week, the RTB Q4 2018 rental data, the Department of Housing’s official homeless figures for February 2019, and this report have shown Minister Eoghan Murphy that his housing plan is not fit for purpose.
“I really don’t know how more evidence this government needs that workable solutions must now be adopted. Eight years is more than enough time for government to implement positive changes.”
Note: Please see link to report here: https://www.esr.ie/article/view/1121/214