I thank the Deputy for his continued advocacy, support and championing of ideas for this sector. The national student accommodation strategy 2025 to 2035 is due to be published in the coming weeks and will be considered and agreed by Government before being officially launched. It is at a very advanced stage. The strategy aims to make higher education more accessible by addressing both affordability to ensure students can afford rents and secure accommodation and also the viability of supply, which the Deputy's question goes to, to ensure the units come into being quickly and are built out to meet that demand that very evidently exists.
By providing targeted financial supports and accelerating the development of purpose-built student accommodation, PBSA, the strategy aims to remove barriers that prevent students from accessing college and pursuing their academic goals. The strategy builds on wider Government initiatives to support viability of student accommodation such as rental legislation reform where I am working closely with the Minister for Housing, Local Government and Heritage on how rent pressure zones might apply to student accommodation; the budget 2026 VAT reduction on the sale of new apartments, which will be very helpful; the rent-a-room tax relief, which is a key measure involving up to €14,000 per householder tax free; and the introduction of streamlined design standards under the Planning and Development (Amendment) Act 2025. This is a revised set of guidelines published in June 2025 setting out a blueprint for student accommodation that delivers maximum beds per block, uses clever use of space and shared facilities such as lounge rooms and laundry rooms and seeks an optimal return on available bed usage. They are some of the measures I am introducing.
I will say hello to the students from Athy as well while they are here today. It is good to have them in the audience.