Dún Laoghaire-Rathdown County Council recently signed an agreement with a German cuckoo fund called Realis, which will see the council paying between €2,000 and €3,000 per unit for a 25-year lease on 87 apartments. The price of each of these apartments was in excess of €630,000.
This is the reality of the housing policy of the Government and the Minister. It is absurd, insane and immoral. In fact it is criminal, given that while this is going on, 4,000 homeless children live in temporary emergency accommodation. We have seen homelessness figures increase to 10,514!
One of the solutions is to build public housing on public land. We have enough zoned public land to build 100,000 units of public housing. Rebuilding Ireland specifically puts forward the idea that the private market will solve our housing crisis by building private houses on public land.
What recently happened in Dublin City Council with O’Devaney Gardens is also criminal. The Government has handed precious public land over to a private developer to build a development of which 30% will be public housing. That land could be used for public housing and the cost rental model, which would allow mixed tenure. That is part of the solution.