Supporting the Irish Housing System to Address Housing Market Failure: Cost Rental Housing and Services of General Economic Interest (SGEI)

This report, Supporting the Irish Housing System to Address Housing Market Failure; Cost Rental Housing and Services of General Economic Interest (SGEI), indicates that State support for cost rental will not distort the housing market, but will contribute to a properly functioning housing system. It outlines how the EU SGEI framework, and the specific conditions that are applied to individual Member States, enable them to support their housing systems to address housing market failure. Highlighting the gap in the market supply of affordable rented housing in Ireland, this report clears the way for larger scale state support in a cost rental scheme, which is badly need to address crippling rents in the private rented sector. The Irish Government will legislate on the terms and conditions of any cost rental programme in the forthcoming Affordable Housing Bill.