Homes built by the Land Development Agency (LDA) could see tenants paying over a third less on market rents, the Housing Oireachtas Committee will hear today.
The LDA expects to begin construction of 597 homes at a site in Shanganagh Castle in Co Dublin later on this year, which will consist of 200 social homes, 306 cost rental homes and 91 affordable purchase homes.
John Coleman, CEO of the LDA, will tell the Oireachtas Housing Committee today that rents for a two bedroom apartment at the site would be €1,200 to €1,300 per month, a 27.7pc to 33.3pc discount on market rents.
A one bedroom apartment would cost €1,000 a month, a reduction of 34.9pc in current market rates, according to the LDA.
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