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Government intervention needed to deliver affordable homes in St.Michael’s Inchicore, Poolbeg - Eoin Ó Broin TD

18 June, 2019 - by Eoin Ó Broin TD


Sinn Féin Housing spokesperson Eoin Ó Broin TD has called for the central government to step in and ensure that the cost rental and affordable purchase projects being developed in key sites across the capital, have genuinely affordable entry level rents for working people. 

The call comes as the Housing Committee this morning heard from the Housing Agency, the National Development Finance Agency, Dublin City Council and Dún Laoghaire-Rathdown County Council on the status of these projects.

Deputy Ó Broin said:

“During this morning's hearings a number of committee members raised concerns regarding the high entry level rents for the cost rental scheme in Enniskerry road in Dún Laoghaire and the cost of affordable purchase homes in Dublin City.

“The first cost rental project, in Dun Laoghaire, will have an entry rent of €1,200 per month. This will exclude many working people who are most in need of affordable housing. These are the very people that cost rental projects should help.

“The Housing Agency confirmed at the meeting that housing costs should only equate to around a third of a person’s disposable income and for affordable cost rental this would be between €700 and €900 per month.

“After hearing from the different stakeholders presenting to the committee, it was clear that unless there is a significant intervention from central government, homes delivered under the cost rental scheme on other sites such as St. Michael’s Estate and affordable purchase scheme on sites such as Poolbeg will be too expensive for many to rent or buy.

“Leo Varadkar must commit to supporting the local authorities to secure a long term loan and provide sufficient capital funding so that cost rental and affordable purchase homes would be within reach of modest income working people.”

ENDS

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