Government package to entice builders to tackle rent crisis in Dublin and Cork

Developers who build affordable homes in Dublin and Cork will receive sweeteners under a package announced by the Government to tackle the rent and housing crisis.

Builders who develop homes in Cork with a sale price of less than €250,000 and €300,000 in the capital will be rewarded by up to €8,500 under the scheme.

The plans announced by Environment Minister Alan Kelly and Finance Minister Michael Noonan also restrict landlords to upping rent once every two years and will give more security to tenants who face eviction.