Minister OâBrien announces first Cost Rental Schemes
The Minister for Housing, Local Government and Heritage, Darragh OâBrien TD, has today (Monday 8th February) given approval in principle for Irelandâs first Cost Rental Homes, delivering on a key commitment in the Programme for Government, under Housing for All.
In Budget 2021, â¬35 million was made available to Approved Housing Bodies (AHBs) to deliver approximately 350 cost rental homes in 2021 at rates which are a minimum 25% below open market values. An additional 50 cost rental homes at Enniskerry Road, Dun Laoighaire Rathdown are also due to be completed this year supported by the Departmentâs Serviced Sites Fund.
Cuckoo funds continued to gobble up swathes of the residential property market last year, despite the pandemic, and now own a combined 15,500 homes here.
A small number of funds spent a combined €1.75bn in Ireland in 2020 buying residential units, according to analysis by real estate group CBRE. That was down on the record spend by funds in 2019, but according to CBRE represents a highly robust outturn given the challenging market conditions experienced – including the fact that the predominantly overseas buyers were not able to travel here for much of the year.
Institutional investors are now the main players in the residential property market in much of Dublin for new-build apartments.
There are currently more than 7,000 people living in Direct Provision. By Cónal Thomas Wednesday 27 Jan 2021, 6:30 AM Jan 27th 2021, 6:30 AM 24,716 Views 29 Comments
CONTRACTS WITH PRIVATE companies running Direct Provision centres should not be renewed in 2021, the Irish Refugee Council has said.
‘Implementing Alternatives To Direct Provision’ – a report drawn up the Refugee Council and Campbell Tickell housing consultants – has made a number of recommendations about how the Government should transition away from the controversial system of accommodating asylum seekers.
It comes as the Government prepares to publish the long-waited ‘White Paper’ for ending Direct Provision, which was set up in 1999 and has seen over €1 billion paid to private firms to house asylum seekers in often sub-standard accommodati
Initiative Ireland’s new partnership will allow credit unions to lend to Approved Housing Bodies 6th January, 2021
Sinead Byrne and Padraig Rushe of Initiative Ireland: the start-up plans to ramp up activity this year in both Ireland and Britain. Picture: Harrison Photography
When Pádraig Rushe launched Initiative Ireland three years ago, his aim was to level the playing field in property lending, allowing ordinary people to co-fund social and affordable housing.
Since then, Initiative Ireland has financed more than €25 million in loans. Now, under a new partnership with the Credit Union Development Association, it is preparing to launch a fund that will allow credit unions to lend to Approved Housing Bodies (AHBs) nationwide.