Rental Sector
Dail Éireann — 2026-06-25
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James Browne (FF), Wexford

I thank the Deputy again for his question on cost rental. As I have already pointed out, approximately €2.25 billion in departmental funding has been approved for cost-rental projects since 2021. In addition, significant loan financing is being made available through the State's Housing Finance Agency. Also, the reduction of VAT on new apartments to 9% under budget 2026 is playing an important role in reducing costs. All of these supports lower the net cost of delivery, enabling more cost-rental homes to be delivered and ensuring more affordable rents for tenants.
My Department's funding comprises non-repayable grants, equity investments and long-term loans at very low interest rates, which enable rents to be set below full cost recovery levels. As a result, cost-rental homes can be provided at rents that are significantly more affordable and considerably lower than comparable rents in the private market. Cost-rental homes provide a significant saving for the tenant, and I am aware that tenants who benefit are very appreciative of both the rents and the security of tenure the homes provide.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-25/debate/main
Retrieved: 2026-08-27T06:54:51+00:00
Sitting date: 2026-06-25