Every euro invested in public and affordable housing will save state billions in long run and end reliance on Vulture Funds, Cuckoo Funds and property investors
People Before Profit TD and housing spokesperson Richard Boyd Barrett has described the delay of the governments Housing for All strategy as “very alarming” and that the government now needs to stop the in-fighting and urgently to invest in the provision of public and affordable housing so as to end the control of the property sector by vulture funds and property investors.
The TD said that it is madness that the government is arguing over the financing of the plan as he said that it is more important than ever for every available euro to be invested in public and affordable housing.
He said that the government is currently pumping approximately €1 Billion “down the drain” through the reliance on HAPs, RAS and leasing arrangements.
He said: “It is very alarming that the government have now postponed their Housing for All plan in a row seemingly over finance. It would be madness if this was the case. We need an immediate end to this in-fighting. Housing is a right and far too important for senior ministers to be squabbling over.
“Now more than ever we need money invested by the state into public and affordable housing. Instead the government have been pumping approximately €1 Billion into HAPs, RAS and leasing arrangements, which do not provide security of tenure for tenants, rip off the taxpayer and only serve to line the pockets of the developers and mega-investors.
“Every euro which that state invests in public and affordable housing will save us billions in the long run and can end the reliance on vulture funds, cuckoo funds and property investors.”