Oireachtas Joint and Select Committees

Tuesday, 22 November 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Implementing Housing for All: Discussion (Resumed)

Mr. Barry Lynch:

The range was 30 but it is down to financing as far as we can see in many cases because people do not seem to find the scheme that attractive when they go through it. We have only had one that ultimately followed through until completion. It was originally launched at the same time as the home renovation incentive scheme which seemed a whole lot more attractive to people because it was tax back rather than an interest-free loan. When supply is tight, a permanent 20% reduction in market rent may not be that attractive but we found that in moving on vacancy, the buy and renew scheme has been much more attractive-----