Dáil Éireann Debate, Tuesday - 21 November 2017
637. Deputy John Curran asked the Minister for Housing, Planning and Local Government if the expert group to develop plans for a cost rental model for housing has been established; and if he will make a statement on the matter. [49319/17]
Amharc ar fhreagraThe Strategy for the Rental Sector, published in December 2016, noted that the Programme for a Partnership Government contains a commitment to develop a "cost rental" option, taking account of work already completed in this area, including by the National Economic and Social Council and others.
In line with this commitment, Action 12 of the Strategy commits my Department to lead an Expert Group to develop a cost rental model for the Irish rental sector. This Group will address issues such as funding mechanisms, the need to grow the necessary institutional capacity, particularly within the AHB and not-for-profit sector (whether through mergers, new entrants or strategic partnerships), rent levels, the households to be targeted and the appropriate regulation mechanisms.
The Expert Group will assess the benefits that a larger and more developed not-for-profit segment would bring to the rental sector and the housing system, by increasing supply of rental accommodation for low to middle-income households and ensuring new capacity is developed. Following the conclusion of the focused review of Rebuilding Ireland, it is my intention to establish this Expert Group in the coming weeks. A proposal regarding its membership and terms of reference is currently being finalised in my Department.
