Too few, too dear — plan for 350 affordable homes comes in for criticism from opposition

It is expected that the remaining development or acquisition costs for the homes will be met by long-term commercial loans from the Housing Finance Agency. File picture: Pexels

The Government's plan to fund 350 cost rental homes has been criticised as "lacking ambition".

Darragh O'Brien, the housing minister, today announced the commencement of the Cost Rental Equity Loan (CREL) scheme, which had been announced in October. Under the scheme, €35m will be given to support Approved Housing Bodies (AHBs) deliver around 350 cost rental homes next year.