Mr Ó Broin said: “Turnkeys in and of themselves are not a problem but the heavy overreliance on private developers to deliver social housing is very risky.”
“Until the Government fixes that red tape, there will be a perverse incentive to continue overrelying on private developers,” Mr Ó Broin said. “And at a time when commencements are falling, that’s a high-risk strategy.”Reliance on the private sector to deliver housing was highlighted as a “vulnerability” in a briefing document prepared by the Department of Public Expenditure and Reform for its new Minister, Paschal Donohoe, when he took up the role last month.
It estimated that up to 6,500 social homes would be delivered in 2022 , down from a target of 8,000. But even this figure may be at risk with just 2,706 delivered in the first nine months of 2022.
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