Dáil Éireann Debate, Tuesday - 27 June 2023
399. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage to provide details of the new cost-rental subsidy scheme, including who will be eligible to access the fund; the level of subsidy; the form of subsidy, that is, grant aid, equity and so on; whether there will be a clawback provision; and when the scheme will open to applicants. [31379/23]
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, NDP 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.
