It will take more than 40 years to provide permanent homes to people on Dublin City's housing waiting list at current building levels, a new report says.
The TASC think tank warns the housing crisis is set to worsen and that the State must establish a dedicated affordable homes company to provide between 10,000 and 30,000 reasonably priced rental units every year.
"Only a fifth (1,829) of the 8,300 new social housing pipeline announced in February 2017 is on site already," it said. "In Dublin city, there were only 604 social housing units started on-site in 2016. At this rate of building, with a social housing waiting list of almost 20,000 in the capital, it could take over 40 years to provide a permanent home to those on the Dublin City Council housing waiting list."
The report said the number of homeless families in the city rose between 2014 and 2016, that one in 10 households face "severe housing affordability" and that there is a "potential tsunami" of homelessness possible due to mortgage arrears and soaring rents.
Relying on the private sector will "enshrine unaffordable rental and house prices into the future", it added, saying only the State can guarantee the supply of affordable homes needed.
We already have a Help to Buy scheme in operation, but the ever-increasing numbers of those in rental accommodation indicate that it hasn't been enough to help people who still can't get on to that vital first rung of the property ladder.