Minister for Housing defends decision not to lower rent cap

The video discusses student accommodation at UCD, highlighting the role of the Housing Finance Agency in providing affordable options. It covers the introduction of a residential tenancies bill to cap rent increases and address inflation. The speaker outlines housing projections for the coming year, emphasizing the impact of COVID on supply and the need for increased completions. Initiatives for affordable housing and cost rental schemes are also discussed, with a focus on future plans and challenges. The session concludes with an invitation for questions.

What is the main purpose of the Residential Tenancies Bill mentioned in the video?

• To cap rent increases at a certain percentage

• To increase rent prices

• To provide free housing for students

• To eliminate student accommodation

What is the expected shortfall in housing supply due to COVID-19 restrictions?

• 30,000 homes

• 20,000 homes

• 40,000 homes

• 10,000 homes

What is the focus of the housing projections for the next year?

• Decreasing housing completions

• Increasing housing commencements

• Reducing housing demand

• Maintaining current housing levels

What is the average cost reduction for tenants in the cost rental scheme?

• 10% below market rates

• 25% below market rates

• 75% below market rates

• 50% below market rates

What are some of the challenges mentioned in the video regarding housing?

• Excessive housing supply

• Decreasing demand for housing

• High prices and affordability issues

• Lack of interest from investors