{"id":1706,"date":"2021-11-01T11:51:04","date_gmt":"2021-11-01T11:51:04","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/oscar-traynor-road-plan-unaffordable-and-poor-value\/"},"modified":"2021-11-01T11:51:04","modified_gmt":"2021-11-01T11:51:04","slug":"oscar-traynor-road-plan-unaffordable-and-poor-value","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/oscar-traynor-road-plan-unaffordable-and-poor-value\/","title":{"rendered":"Oscar Traynor Road Plan Unaffordable and Poor Value"},"content":{"rendered":"<p><strong>It is now time for council management and Housing Minister Darragh O\u2019Brien to show some vision<\/strong><\/p>\n<p>The proposed developer-led plan to deliver housing on public lands at Oscar Traynor Road is unaffordable and poor value for taxpayers, according to Social Democrats Councillor Patricia Roe.<\/p>\n<p>\u201cChoosing to deliver this scheme through a private developer will result in an inflation of costs which serves to line the developer\u2019s pockets and, most importantly, has no possibility of delivering the affordable housing \u2013 to rent and buy \u2013 that our city so desperately needs. The proposed plan is unaffordable and poor value for taxpayers.<\/p>\n<p>\u201cThe cost-rental housing will be anything but affordable \u2013 with a starting price of \u20ac940 per month for a studio. The affordable purchase will only be made affordable through the inclusion of a \u20ac130,000 government subsidy per unit \u2013 which is not a sustainable or economically viable model to deliver housing and represents very poor value for taxpayers\u2019 money. This kind of public private partnership benefits no one, but the private developer.<\/p>\n<p>\u201cThe council needs to go back to the cross-party plan \u2013 which has the support of the Social Democrats \u2013 for a direct build of the site that keeps costs down and delivers truly affordable housing. This would be financed through low-cost funding from the European Investment bank and would have a tenure mix of 40pc social housing, 40pc cost-rental housing and 20pc affordable purchase.<\/p>\n<p>\u201cI would like to acknowledge the work of, and thank, both the Oscar Traynor Rd consultative forum and the council working group for their efforts to develop a plan for the site and their genuine desire to provide housing and community facilities.<\/p>\n<p>\u201cIt is now time for council management and Housing Minister Darragh O\u2019Brien to show some vision and ambition for housing delivery in our city, take the reins and fast track the councillors\u2019 plan for delivery of genuinely affordable housing on this key site.\u201d<\/p>\n<p>1 November, 2021<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is now time for council management and Housing Minister Darragh O\u2019Brien to show some vision The proposed developer-led plan to deliver housing on public lands at Oscar Traynor Road is unaffordable and poor value for taxpayers, according to Social Democrats Councillor Patricia Roe. \u201cChoosing to deliver this scheme through a private developer will result [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,10,7],"tags":[],"class_list":["post-1706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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