Oireachtas Joint and Select Committees
Thursday, 21 September 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
Cost Rental Tenant In Situ Scheme: Minister for Housing, Local Government and Heritage
Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source
STAR is the secure tenancy affordable rental investment scheme. It is to activate further properties for cost rental. We are looking at a State subvention per unit, or investment by way of equity, of up to €150,000 per unit. We got approval to do this in the middle of the year from the Government. We have some large cost-rental schemes that we can get going and get off the ground. There are many paused planning permissions that we want to activate There are also very large developments. There are viability issues. We can deal with these, as we are doing through Croí Cónaithe, for apartments for purchase through the STAR scheme. The State will take that equity. It will reduce the funding amount and thereby we can keep the rents down at an affordable rate. We have had a lot of interest in STAR already. How many applications have we had already?
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