Changes to the Fair Deal rules that could free up to 8,000 homes for rental are under consideration as part of the Government’s response to house Ukrainian refugees.
The Fair Deal Scheme is a scheme of financial support for people who require long-term nursing home care in Ireland. Under the current rules, 80% of rental income for a vacant home under the scheme is taken by the Government to pay towards the cost of a person’s nursing home care.
This rule change would allow the revenue to be kept by the homeowner.
The properties for rent under the scheme will not be limited to Ukrainian refugees. The initiative is part of a wider rental market measure that is aimed at alleviating overall pressure in the market.
It is hoped the new measures could be fast-tracked to be brought in.
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