{"id":856,"date":"2018-08-16T16:03:02","date_gmt":"2018-08-16T16:03:02","guid":{"rendered":"http:\/\/davidhealy.dublin13.com\/?p=856"},"modified":"2019-04-08T17:29:32","modified_gmt":"2019-04-08T17:29:32","slug":"cost-rental-housing","status":"publish","type":"post","link":"https:\/\/davidhealy.com\/?p=856","title":{"rendered":"Cost rental housing"},"content":{"rendered":"<p>Fingal County Council is planning to develop housing at Donabate. The Council has issued a &#8220;market sounding&#8221; document on etenders.gov.ie, which refers to a mixture of private houses for sale at market prices, &#8220;affordable&#8221; private houses to be sold at a discount to market rates, and social houses. I have asked them to look into developing cost rental housing for the following reasons:<\/p>\n<ul>\n<li>Cost rental provides secure affordable accommodation to the large segment of the population who do not qualify for social housing but are unable to secure a mortgage to buy.<\/li>\n<li>Cost rental housing remains permanently affordable, unlike \u201caffordable\u201d housing which may only be affordable once, as it will in time be sold on at a market rent.<\/li>\n<li>Because the costs of development are fully recovered the capital can be reused for further cost rental housing development.<\/li>\n<li>Cost rental will facilitate social mix because HAP can be applied to make up the rent for lower income tenants.<\/li>\n<li>In cities where it has been provided in quantity, cost rental has a moderating effect on rents.<\/li>\n<\/ul>\n<p>My full letter and attachments are below:<!--more--><\/p>\n<p>A chairde,<\/p>\n<div class=\"gmail_default\">Thank you for sending on this paper. There is a housing approach which has been omitted from the sounding paper &#8211; provision of public housing on a cost rental basis.<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">The Oireachtas approved the attached motion on 6th March. The Minister for Housing Planning and Local Government said in April that cost rental was a &#8220;key part of the Government&#8217;s Housing Strategy&#8221;.<\/div>\n<div class=\"gmail_default\"><\/div>\n<div class=\"gmail_default\">There are some significant advantages to making housing affordable by means of a cost rental system as opposed to by the provision of a discount on the sale of houses:<\/div>\n<div class=\"gmail_default\">\n<ul>\n<li>Cost rental provides secure affordable accommodation to the large segment of the population who do not qualify for social housing but are unable to secure a mortgage to buy.<\/li>\n<li>Cost rental housing remains permanently affordable, unlike &#8220;affordable&#8221; housing which may only be affordable once, as it will in time be sold on at a market rent.<\/li>\n<li>Because the costs of development are fully recovered the capital can be reused for further cost rental housing development.<\/li>\n<li>Cost rental will facilitate social mix because HAP can be applied to make up the rent for lower income tenants.<\/li>\n<li>In cities where it has been provided in quantity, cost rental has a moderating effect on rents.<\/li>\n<\/ul>\n<div>This should be a key part, or indeed the dominant element, of the new housing development at Ballymastone. Can the practicalities be investigated either through, or in addition to, the market sounding?<\/div>\n<\/div>\n<div><\/div>\n<div>Attachments:<\/div>\n<p><a href=\"http:\/\/davidhealy.dublin13.com\/wp-content\/uploads\/2018\/08\/Oireachtas-Cost-Rental-Motion-March-2018.pdf\">Oireachtas Cost Rental Housing Motion 6th March 2018<\/a><\/p>\n<p><a href=\"http:\/\/davidhealy.dublin13.com\/wp-content\/uploads\/2018\/08\/irishtimes.com-\u2018Cost-rental\u2019-scheme-key-part-of-housing-strategy-says-Minister-Fri-Apr-27-14_45_29-IST-2018.pdf\">&#8220;\u2018Cost rental\u2019 scheme key part of housing strategy, says Minister&#8221; Sorcha Pollak, Irish Times -Apr 27\u00a0 2018<\/a><\/p>\n<p><a href=\"http:\/\/davidhealy.dublin13.com\/wp-content\/uploads\/2018\/08\/cost_rental_housing_a_model_for_ireland.pdf\">&#8220;Cost_rental_housing:_a_model_for_Ireland&#8221;, Paul Goldrick-Kelly, NERI Research Institute, May 2018\u00a0<\/a><\/p>\n<p><a href=\"http:\/\/davidhealy.dublin13.com\/wp-content\/uploads\/2018\/08\/social_justice_ireland_-_public_housing_provision_-_cost_rental_as_an_affordable_sustainable_solution_-_2018-03-12.pdf\">&#8220;Public_Housing_Provision:_Cost_rental_as_an_affordable_sustainable_solution&#8221;, Social Justice Ireland 12th March 2018<\/a><\/p>\n<p><a href=\"http:\/\/davidhealy.dublin13.com\/wp-content\/uploads\/2018\/08\/Ballymastone_Market_Sounding.docx\">Ballymastone_Market_Sounding, document on etenders.gov.ie<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fingal County Council is planning to develop housing at Donabate. The Council has issued a &#8220;market sounding&#8221; document on etenders.gov.ie, which refers to a mixture of private houses for sale at market prices, &#8220;affordable&#8221; private houses to be sold at a discount to market rates, and social houses. I have asked them to look into [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[78],"tags":[],"_links":{"self":[{"href":"https:\/\/davidhealy.com\/index.php?rest_route=\/wp\/v2\/posts\/856"}],"collection":[{"href":"https:\/\/davidhealy.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidhealy.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidhealy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidhealy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=856"}],"version-history":[{"count":5,"href":"https:\/\/davidhealy.com\/index.php?rest_route=\/wp\/v2\/posts\/856\/revisions"}],"predecessor-version":[{"id":874,"href":"https:\/\/davidhealy.com\/index.php?rest_route=\/wp\/v2\/posts\/856\/revisions\/874"}],"wp:attachment":[{"href":"https:\/\/davidhealy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidhealy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidhealy.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}