Oireachtas Joint and Select Committees

Tuesday, 10 May 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Housing Provision for Older People: Discussion

Ms Caroline Timmons:

Of course, we are happy to see apartments coming through for build-to-rent, but we need to incentivise the building of apartments for sale as well. Today, we launched Croí Cónaithe cities scheme, which involves €450 million to incentivise exactly that, namely, apartments for sale to owner-occupiers and not for rent. The difficulty is that the only financial model that makes sense for developers at the moment is build-to-rent. That is the only way units can be built at the cost it takes to develop. We need to address the cost of development, bridge that gap for the viability of those developments and ensure they will be available for the very people the Senator mentioned, namely, those who want to right-size or downsize into an apartment. We are absolutely, 100% bringing that through and we are looking at a target of about 5,000 apartments over the coming years. That is very much at the top of our agenda at the moment.

I might ask the representatives from the Department of Health to address the availability of home care in this context.

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