{"id":1824,"date":"2022-05-17T15:57:29","date_gmt":"2022-05-17T14:57:29","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/government-must-scrap-its-e450m-bailout-for-developers\/"},"modified":"2022-05-17T15:57:29","modified_gmt":"2022-05-17T14:57:29","slug":"government-must-scrap-its-e450m-bailout-for-developers","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/government-must-scrap-its-e450m-bailout-for-developers\/","title":{"rendered":"Government Must Scrap Its \u20ac450m Bailout For Developers"},"content":{"rendered":"<p><strong><em>The Social Democrats are moving a motion in the D\u00e1il tomorrow calling on the government to scrap this latest sweetheart deal for developers.<\/em><\/strong><\/p>\n<p>The government must scrap its bizarre plan to gift developers up to \u20ac144,000 per apartment and instead use the money to deliver affordable, social and cost-rental homes, according to Social Democrats Housing Spokesperson Cian O\u2019Callaghan.<\/p>\n<p>\u201cThe Social Democrats are moving a motion in the D\u00e1il tomorrow calling on the government to scrap this latest sweetheart deal for developers. Incredibly, under the Cro\u00ed C\u00f3naithe proposal, the government intends to gift developers \u20ac450 million \u2013 up to \u20ac144,000 per apartment \u2013 without securing any reduction in the sale price of those apartments.<\/p>\n<p>\u201cThis scheme has been constructed with only one thing in mind \u2013 to bail out private developers. There are no affordability measures, for the taxpayer or home buyers, included at all. In fact, those hoping to eventually purchase a two-bed apartment will need incomes of more than \u20ac100,000.<\/p>\n<p>\u201cIn effect, the government has proudly announced the creation of an Unaffordable Housing Scheme \u2013 and is rewarding developers for constructing apartments that they, apparently, can\u2019t afford to build but that the State is happy to heavily subsidise.<\/p>\n<p>\u201cThis is the third time, in seven years, that we have been told apartment building is unviable. On each occasion, a laundry list of developer demands was introduced by successive Housing Ministers.<\/p>\n<p>\u201cIn 2015, former Housing Minster, and Labour leader, Alan Kelly slashed apartment guidelines, including the minimum size of apartments, because he said it would make them more affordable and boost supply. It did not.<\/p>\n<p>\u2018In 2018, then Housing Minister Eoghan Murphy slashed the guidelines for build-to-rent developments, further reducing apartment sizes and eliminating the need for apartment mix and outside space.<\/p>\n<p>\u201cWhy is the approach of this government always carrot for developers and stick for renters and home buyers \u2013 who are expected to pay exorbitant rents and house prices to help boost developers\u2019 bottom lines?<\/p>\n<p>\u201cThe government must scrap this latest bailout for developers \u2013 before any more public money is wasted. Instead, it needs to get serious about its responsibility to deliver affordable purchase, social and cost rental-homes.&#8221;<\/p>\n<p>17 May, 2022<\/p>\n<p>Ends<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Social Democrats are moving a motion in the D\u00e1il tomorrow calling on the government to scrap this latest sweetheart deal for developers. The government must scrap its bizarre plan to gift developers up to \u20ac144,000 per apartment and instead use the money to deliver affordable, social and cost-rental homes, according to Social Democrats Housing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government Must Scrap Its \u20ac450m Bailout For Developers - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/government-must-scrap-its-e450m-bailout-for-developers\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Must Scrap Its \u20ac450m Bailout For Developers - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"The Social Democrats are moving a motion in the D\u00e1il tomorrow calling on the government to scrap this latest sweetheart deal for developers. 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