New student beds built by private developers on state land will have no dedicated rent controls
Briefly

New student beds built by private developers on state land will have no dedicated rent controls
"Minister Lawless announced that 42,000 new beds for students will be built by 2035, addressing a significant deficit in student accommodation. The strategy emphasizes reliance on private sector funding and development."
"Around 10,000 of the new beds will come from the Rent-a-Room scheme, which allows homeowners to rent out rooms tax-free up to €14,000 per year. This scheme has been popular among taxpayers."
"The government’s strategy indicates a projected requirement of 42,000 student beds by 2035, which is far beyond the state's funding capacity, necessitating private sector involvement."
"Concerns were raised by Bryan O'Mahony regarding the need for actual protections for students living in digs, as the strategy relies heavily on the Rent-a-Room scheme for new accommodation."
The government plans to construct 42,000 new student accommodation beds by 2035, addressing a current deficit of 15,000 beds. Approximately 10,000 beds will be sourced from the Rent-a-Room scheme, allowing homeowners to rent rooms tax-free. Minister Lawless emphasized the need for private sector involvement and the unlocking of state land for development. Concerns were raised about protections for students in digs, highlighting the strategy's reliance on private accommodation and the Rent-a-Room initiative.
Read at Irish Independent
Unable to calculate read time
[
|
]