A fair deal on rent.
Rents have reached unprecedented levels and are forcing many young people out of our cities. It is sucking up more and more money from people’s wages and preventing them from saving up for a place of their own. Long queues for viewing apartments and extortionate rents are now a regular part of life for people trying to get somewhere suitable to live.
We need to address the rental crisis before it changes the character of our cities and prevents an entire generation from saving for their own place.
Our plan to ease rents
Make rent affordable
Introduce a Rent Tax Credit worth €500 per renter.
Introduce a cost rental model
Build housing on state-owned lands for a new cost rental scheme.
Ban AirBnB lets for over 90 nights in any one unit.
Expand Rent Pressure Zones
Strengthen and enhance the Rent Pressure Zone system by extending it to Student accommodation and giving the RTB real investigatory powers.
Establish a national Rent Deposit Scheme so that unscrupulous landlords cannot unfairly keep deposits.
Enforce rental standards
Introduce local authority-led NCT style accommodation certificate.
Incentivise new supply
Implement tax measures to retain landlords in the system, such as LPT and commercial rate deductions.
Building Affordable Homes for All
The state has to step up and build affordable units in the right places. This is a core part of Fianna Fail’s vision for securing home ownership for the next generation.