Dublin City Council paid €40m for social housing since start of 2021

Dublin City Council paid about €40 million since January 2021 for social housing as part of so-called Part V arrangements. Photograph: Gareth Chaney/Collins PhotosDublin City Council paid out €40 million to private developers since the start of 2021 to secure 139 residential units for social housing under Part V agreements.

The spend of €15.16 million on 71 homes to date for 2022 follows a €24.96 million outlay on 68 Part V homes in 2021.The highest amount paid out in 2022 was €450,000 in the Part V system where builders are required to provide a percentage of each development for social housing. A city council spokeswoman said that was spent on a two-bed apartment at St Clare’s Park, Harold’s Cross, Dublin 6w.

Source: Real Estate Daily Report (realestatedailyreport.net)

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