The HCA has launched an expression of interest process for a new initiative, which could potentially attract significant investment into the housing market by encouraging institutions to fund new homes specifically for private rent.
The objective of the HCA's Private Rented Sector Initiative (PRSI) is to create an opportunity for investors - like pension funds - to enter the private rented sector on a large scale for the first time. At a point in the economic cycle where there is strong investor appetite for low risk investment, focused on income distribution and a longer-term investment horizon, many believe that this is the perfect time to expand the private rented sector. The initiative will form a key part of the package of proposals at the heart of the Government's forthcoming response to the Rugg Review of the private rented sector.
