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Cork’s Housing Cash Flowing to Profits | Cork News
Cork City Council’s housing budget is sparking controversy as nearly 20% of its 48 million euro social housing fund funnels into for-profit entities — from Irish investment firms to Luxembourg-based shell companies. Critics question whether leasing homes through private mortgage-to-rent schemes, like those run by Home for Life or The Platform (backed by Davy’s owners), truly serves public need amid rising homelessness and government plans to phase out long-term leases. While officials insist they’re getting value, the growing commercialization of housing raises urgent questions about…
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