The projected \u20ac3 billion Government spend in rent subsidies over the next five years represents an unsustainable approach to solving the housing crisis, Social Democrats co-leader Catherine Murphy TD said today.<\/p>\n
Deputy Murphy said:<\/p>\n
\u201cOfficial projections show that the Government will spend some \u20ac535 million on rent support programmes this year for lower-income families in the private rental sector who are awaiting social housing. Over the next five years, the total amount will be more than \u20ac3 billion \u2013 that\u2019s a 25 per cent increase on the previous five-year period.<\/p>\n
\u201cThese are subsidies that go to the private rental sector and the more the Government spends on them, the less it has to spend on actually building social housing for people who need it. Clearly, the government cannot continue indefinitely to subsidise more and more social housing tenants in private rental accommodation.\u00a0Relying on the market to deliver a permanent solution to the housing crisis is just not sustainable.<\/p>\n
\u201cThe government needs to start building homes in the large quantities needed so it can directly provide social housing to those who need it. It must bite the bullet and breach EU fiscal rules which are a clear constraint when it comes to the kinds of capital programmes that would provide permanent solutions for people, not temporary stop-gaps.\u201d<\/p>\n
ENDS<\/p>\n
6 November 2017<\/p>\n","protected":false},"excerpt":{"rendered":"
The projected \u20ac3 billion Government spend in rent subsidies over the next five years represents an unsustainable approach to solving the housing crisis, Social Democrats co-leader Catherine Murphy TD said today. Deputy Murphy said: \u201cOfficial projections show that the Government will spend some \u20ac535 million on rent support programmes this year for lower-income families in […]<\/p>\n","protected":false},"author":2,"featured_media":298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8,7],"tags":[145,224,133,17,93],"class_list":["post-339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-press-release","tag-catherine-murphy-td","tag-eu-fiscal-rules","tag-rent","tag-social-democrats","tag-spiralling-rents"],"acf":[],"yoast_head":"\n