Restrictions on build-to-rent schemes have been proposed by Dublin City Council in their new development plan.
Build-to-rent developments would be limited to certain parts of the city under the proposed plan, and the maximum permitted number of one bed units in a scheme is also set to be reduced.
Under the plans that will run for the next six years, developments in the North Inner Ciity and the Liberties Sub-City with 15 residential units or more will have to have a minimum of 15% three or more bed units, and a maximum of 30% one bed units.
The draft development plan aims to bring 40,000 news homes to the under-supplied market.
The plans allows for build-to-rent development only in the following areas:
- Within the Inner City (i.e. within the canal ring).
- Within 500 metre walking distance of a high
employment area i.e. more than 500 employees per
hectare. - Within 500 metres of major public transport
interchanges (e.g. Connolly Station, Tara Street Station
and Heuston Station) - Within identified Strategic Development Regenerations
Areas
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