The Housing Minister's plan is to boost rental supply.
The Housing Minister has come up with a new proposal to increase more homes in the rental market.
Nursing home residents could soon be able to rent out their properties and it will be exempt from the State’s Fair Deal Scheme.
Stephanie Rohan reports.
"At present ,if someone is in a nursing home under the Fair Deal scheme, 80 per cent of the rental income of their property is taken by the Government to pay for their care.
Now under the Government’s Housing for All Plan, this contribution could be excluded in order to encourage people in nursing homes to rent out their properties.
In means those in the scheme could keep all the revenue raised according to the Irish Independent.
Estimates suggest there are between 5 to 9 thousand homes lying vacant while their owners are in State care.
There are some concerns though this new scheme could result in some families putting older people in care so they can rent out their property"
Fair Deal nursing home residents to keep rental income from their houses https://t.co/wcGRO84m98
— Irish Independent (@Independent_ie) July 27, 2021
Sarah Lennon is Executive Director of Sage Advocacy - she says some families could exploit the scheme
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