Demand For Student Accommodation Outstrips Supply - O'Sullivan

The demand for student accommodation outstrips supply in certain areas and will continue to do so in the coming years, according to the Minister for Education & Skills, Jan O’Sullivan TD.

The Minister made the comments following the publication of the Report on Student Accommodation: Demand & Supply.

Minister O’Sullivan said: "There are 13 useful recommendations in this report. I am beginning work straight away with Government colleagues and stakeholders to explore ways to increase the availability of student accommodation where needed, including by developing the recommendations made in this report as well as exploring other potential options. These recommendations include capital financing, tax considerations and planning issues, as well as support for the rent-a-room scheme.


"Today, I am announcing two immediate actions to begin this work.

"The first of these is the immediate establishment of an inter-departmental steering group to oversee this work. This group will be chaired by the Deputy Secretary General in my Department with overall responsibility for Higher Education and will include officials from the Higher Education Authority, Department of Finance, the Department of Public Expenditure and Reform and the Department of Environment and Local Government. This group will provide a coordinating mechanism to ensure that the higher education institutions have access to information on new potential funding and delivery models.

"The second action I am announcing today is the awarding of a grant of €30,000, which will be provided by the HEA to the Union of Students’ in Ireland to progress short-term solutions for students in need of accommodation. In the short term, one of the best options to increase supply is for people to rent a spare room in their home to students. It's a win-win situation, as students get accommodation and homeowners can earn up to €12,000 a year tax-free doing this. I know that students unions ran very good information campaigns about this last year, such as the USI's "Homes for Study". The funding being provided today will allow USI to develop their homes.usi.ie website, to communicate more effectively to student and homeowners, and to carry out research into this important issue."

(CD)