Homes built by the Land Development Agency (LDA) could see tenants paying over a third less on market rents, the Housing Oireachtas Committee will hear today. The LDA expects to begin construction of 597 homes at a site in Shanganagh Castle in Co Dublin later on this year, which will consist of 200 social homes, 306 cost rental homes and 91 affordable purchase homes. A one bedroom apartment would cost €1,000 a month, a reduction of 34.9pc in current market rates, according to the LDA. The LDA development at Shanganagh is a “major step forward in developing a scale and sustainable affordable homes sector in Ireland,” according to Mr Coleman. The LDA is near planning permission lodgments for 344 homes in Hacketstown in Skerries and 221 homes in Devoy Barracks in Naas.

Source: Irish Independent March 09, 2021 16:52 UTC