20th September 2021
LONG TERM LEASING IS SHORT SIGHTED TD for Dublin Mid-West Mark Ward has called SDCC implementation of Government policy of providing 25-year leases instead of traditional social housing as short sighted, not cost effective and unfair. In the last 5 weeks SDCC have advertised 56 long term leases on their choice based letting scheme.
Deputy Ward said âThis Government has learned nothing from the past. They continue to rely on the private market to provide solutions to public housing. It is this ideology that has
created the housing crisis that we find ourselves in. âIn the last 5 weeks South Dublin County Council have advertised 56 long term lease properties. These are available to workers and families who have often spent well over 10 years waiting to secure a home from the Council. âInvestment firms have been buying up homes on the private market and then leasing them back to the Council for 25 years.
This is not a good use of public money. A home that the investment firm
bought for say âŹ250k could cost the Council âŹ450k over the lifetime of the lease. The council are also responsible for the maintenance and tenant management of the property, which adds additional costs.
âAt the end of the 25 year lease the home reverts back to the investor firm so it retains its assets and the Council still has responsibility to house the tenant. âThis strategy of investment firms buying up homes and then leasing them back to the Council is also another barrier
stopping first time buyers obtaining a home for their family. âIts absurd and wrong that a lot of the homes that SDCC advertised were originally Council houses to begin with. They were sold to the original tenant at a discount and are now being leased by the very council who used to own these homes.
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âThis is just bonkers. âWe are also aware that people had been renting some of these homes through the HAP scheme. Their homes were sold to the investor firms, who subsequently sent a notice to quit to the tenant and forced the tenant to find alternative accommodation or even into homelessness. âThese tenants who are on the Council list for social housing, have been forced out of their homes by an investment firm who then lease the homes to the Council to provide a home for someone on the social housing list. âSouth Dublin County Councilâs implementation of Government policy of providing 25-year leases instead of traditional social housing is short sighted, not cost effective and unfair.
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