News Formal

New ‘lottery’ system to distribute cost-rental homes | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

New ‘lottery’ system to distribute cost-rental homes – obraonain reports.

Darragh O'Brien, Minister for Housing, and Fiona Cormican of Clúid at the launch of the state’s first cost rental homes at Taylor Hill, Balbriggan, Co Dublin

A new housing “lottery” system is going to be used to determine which households get to live in 18,000 planned cost-rental homes with rents 25 per cent below market rates. Demand for the state’s first cost-rental developments has already far outstripped supply, with more than 1,000 people applying for 25 homes in an estate in Dublin last year and another 1,000 applying for 50 homes in an estate in Kildare.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ministers approved €53k salary boost for new Horse Racing Ireland chief | Business PostSuzanne Eade was appointed to the role late last year on an annual wage of €190,000, despite the starting salary for the position being €137,356
Source: businessposthq - 🏆 8. / 71 Read more »