Less than one-third of cost rental housing target to be met this year

Housing Minister Darragh O'Brien set aside €35m to secure 390 homes to be rented out at 25% below market rates; just 115 of these will be delivered this year

Housing Minister, Darragh O'Brien pictured in July at the launch of the country's first cost-rental homes in Balbriggan, Co Dublin. Picture: Corporate Photographers Dublin

Fewer than a third of the 390 cost rental homes promised will be delivered this year, casting doubt over the Government's projections for next year.

In February, Minister for Housing Darragh O'Brien announced a €35m fund to secure 390 new homes to be rented out to families and individuals for at least 25% below market prices.