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Ireland’s housing crisis – The case for a European cost rental model

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  • Healy Tom

    (Nevin Economic Research Institute, Ireland)

  • Goldrick-Kelly Paul

    (Nevin Economic Research Institute, Ireland)

Abstract

Lack of access to affordable quality homes constitutes a significant crisis for workers, families and communities in the Republic of Ireland. Current government plans appear to be insufficient to make a significant impact. Pressure on individuals and families is a direct consequence of under - investment over many years, as well as a failure on the part of a market-led and property-developer-led model of housing to deliver enough dwellings to meet the needs of a growing population. The optimum solution, we propose, is the establishment of The Housing Company of Ireland, which will draw on long-term borrowing combined with an equity injection from the Ireland Strategic Investment Fund, and will undertake or commission, on a commercial basis, a programme of planning, building, acquiring and renting of new homes. This investment will supplement and further strengthen work by the local authorities and the voluntary housing associations in the area of social housing.

Suggested Citation

  • Healy Tom & Goldrick-Kelly Paul, 2018. "Ireland’s housing crisis – The case for a European cost rental model," Administration, Sciendo, vol. 66(2), pages 33-57, May.
    • Handle: RePEc:vrs:admini:v:66:y:2018:i:2:p:33-57:n:3
    DOI: 10.2478/admin-2018-0017
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    References listed on IDEAS

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    1. Michelle Norris & Michael Byrne, 2016. "Social housing's role in the Irish property boom and bust," Working Papers 201615, Geary Institute, University College Dublin.
    2. Bergin, Adele & Duffy, David & Foley, Daniel & Garcia Rodriguez, Abian & Lawless, Martina & Mc Inerney, Niall & McQuinn, Kieran, 2016. "Ireland’s Economic Outlook: Perspectives and Policy Challenges," Forecasting Report, Economic and Social Research Institute (ESRI), number EO1 edited by Bergin, Adele & Morgenroth, Edgar & McQuinn, Kieran, June.
    3. Byrne, David & Duffy, David & FitzGerald, John, 2014. "Household Formation and Tenure Choice," Research Notes RN2014/2/2, Economic and Social Research Institute (ESRI).
    4. Michelle Norris & Tony Fahey, 2011. "From asset based welfare to welfare housing? The changing function of social housing in Ireland," Open Access publications 10197/2971, Research Repository, University College Dublin.
    5. Duffy, David & Foley, Daniel & Mc Inerney, Niall & McQuinn, Kieran, 2016. "Demographic Change, Long-Run Housing Demand and the Related Challenges for the Irish Banking Sector," Book Chapters, in: Ireland’s Economic Outlook: Perspectives and Policy Challenges, Economic and Social Research Institute (ESRI).
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