NEWS

Richard Barrett’s Bartra signals readiness to build 400 social homes31st January 2018

 

Government hopes new lease scheme will see 10,000 social dwellings constructed.

The new Government scheme will allow investors to pay for the construction of social homes that can be leased to councils, which can in turn rent them to tenants. 

 The Richard Barrett-backed Bartra Capital Property could offer to build up to 400 social dwellings under a new Government scheme, its chief executive says.

Damien English, Minister of State for Housing and Urban Development, said on Wednesday that local authorities would be allowed to lease properties for social housing from pension funds and other institutional investors for 25 years.

The scheme will allow investors to pay for the construction of social dwellings that can be leased to councils, which can in turn rent them to tenants.

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https://www.irishtimes.com/business/construction/richard-barrett-s-bartra-signals-readiness-to-build-400-social-homes-1.3375241