Dáil Éireann Debate, Tuesday - 23 May 2023
394. Deputy Colm Burke asked the Minister for Housing, Local Government and Heritage if he will confirm that the regulations and mechanisms are now in place to allow builders to build residential accommodation and receive the subsidy under the recently announced cost-rental scheme; and if he will make a statement on the matter. [24132/23]
View answerThe Government recently approved the development of a new Cost Rental Subvention Scheme with the objective of further improving the viability and increasing the supply of Cost Rental homes at scale, targeting rents which are at least 25% below prevailing market rates. In this regard, the Government has agreed to commit, subject to further discussion with the Minister for Public Expenditure, National Development Plan Delivery and Reform, between €500 million and €750 million as part of this initiative to complete 4,000 to 6,000 additional apartments under the Cost Rental system. My Department is currently working on the design of the Scheme and further details will be available when that work concludes.
