December 4, 2023
51-week only student accommodation another government failure – Mairéad Farrell TD

Sinn Féin spokesperson on Further and Higher Education, Research, Innovation and Science, Mairéad Farrell TD, has today said that the requirement for students to stay 51 weeks in certain investment fund-owned student accommodation mirrors the wider failure of the government’s approach to housing.

Teachta Farrell said:

“For students living in purpose-built campus accommodation the duration of their stay is naturally tied to the academic year, which is generally nine months. When this is finished, they will return home.

“However, for the purpose-built accommodation that is being delivered by certain large institutional private providers, some have attached conditions where they must stay the equivalent of 12 months.

“This means that students, or their parents, will have to pay for an additional three months despite often not needing the accommodation for this period.

“Some of these providers have rents starting off at around €1,000 a month.

“This delivery model mirrors that of the wider build to rent (BTR) sector. They are owned by large investment funds, on behalf of pension funds. They are availing of generous tax incentives, and making fantastic returns.

“Of course, this is all off the back of students and parents, and thanks to the tax subsidies that have been provided by this government and previous others.

“As the Irish Independent reported earlier this year, four residences alone, which had filed accounts in Luxembourg, received rent of €17 million in 2022.

“Another delivery model is possible. I’m not sure what Minister Harris is waiting for.”

Follow us online

Latest Tweets

.@mattcarthy has welcomed the government's announcement of an additional €20m to UNRWA in support of their work with Palestinian refugees.

"Govt must work with others to resist Israeli efforts to undermine & dismantle this last lifeline to Palestine."

Children deserve better; Sinn Féin sets out plan for scoliosis waiting list scandal - @davidcullinane

“Our motion next Tuesday sets out exactly how Sinn Féin, in cooperation with parents, advocates, and clinicians, would implement change.”

https://vote.sinnfein.ie/children-deserve-better-sinn-fein-sets-out-plan-for-scoliosis-waiting-list-scandal-david-cullinane-td/

Why is no one at the top ever held accountable?

It's shocking that those responsible for RTÉ’s recent financial scandals were given secret, golden handshake payments when they resigned.

RTÉ must provide FULL transparency on the exit packages of former Executive Board members.

Sinn Féin MP Paul Maskey has welcomed news from the GAA that work will soon begin at Casement Park to prepare the site.

@PaulMaskeyMP

Load More