The Government has committed to investing €100 million in developments that will deliver 1,000 student accommodation beds.
The investment was announced by Taoiseach Simon Harris and Minister for Higher Education Patrick O’Donovan on Thursday.
At a media conference outside Government Buildings, Mr Harris said it would allow 493 new beds to be developed in UCD, the progression of 405 new beds in DCU through tender stage and would help finance 116 new beds in Maynooth University to the construction stage.
He confirmed that the State funding would be in return for 30 per cent of the newly-built beds being made available for use by students who are eligible for SUSI grants or belong to priority categories at a discounted rate of rent.
Christmas walks: 10 family-friendly trails around Ireland, from easy to challenging
Róisín Ingle: My profound, challenging, surprisingly joyful, life-changing year
Fostering at Christmas: ‘We once had two boys, age 9 and 11, who had never had a Christmas tree’
Inside the alleged Hollywood smear campaign against Blake Lively: ‘We can bury anyone’
“We must do everything we can to make college as affordable and as accessible as possible. No one should have to turn down a college place, or their dreams of pursuing higher education, because they can’t access an affordable bed,” said Mr Harris.
He told the conference that construction would start on two of the projects in early 2025.
“Any funding that we invest there’s a quid pro quo that ... a proportion of the beds needs to be at a fixed rate [of rent] and offered at below market rates,” he said.
Mr O’Donovan said the long-term policy on student accommodation would include a focus on technological universities as part of balanced region approach to ensuring students had a place to stay while studying there. He also said the policy would also look at the possibilities of refurbishment and vacancy to deliver additional supply.
- Sign up for push alerts and have the best news, analysis and comment delivered directly to your phone
- Find The Irish Times on WhatsApp and stay up to date
- Listen to our Inside Politics podcast for the best political chat and analysis
