Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

One of the things the Government did was introduce the cost-rental equity loan scheme, recognising the high interest rate environment has changed the figures for cost rental regarding new building developments. We introduced that as a deliberate mechanism to support AHBs, in particular, to help reduce the cost. Cost rental is a fundamental and radical shift the Green Party in opposition committed to six or seven years ago and is now delivering in government. The key figure is the percentage reduction below the market rates. The other key characteristic of the cost-rental system is it is in the market. It is public and social housing but it is in the market. The critical thing is it brings overall market rents down by being in that market.

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