Large student housing development ‘not viable’ due to inflation, university says
Mr Rogers said that “in order to provide future student housing that is affordable to our students, it must be viable for us to construct”. He added that with further government support, the university could “play a significant role in alleviating the problem” for students. The correspondence was released to The College Tribune student newspaper following a Freedom of Information Act request.
A department spokesman said “this engagement is ongoing at present and options are being considered to activate this project. Students faced a major scramble to find accommodation at the start of the college year this autumn, due to a shortage of housing and unaffordable rental prices across the private market.UCD submitted a planning application to An Bord Pleanála in 2018 to construct 3,006 student beds, across seven residential blocks.
The second phase, which has now been paused due to escalating construction costs, was due to add a further 1,254 beds, with 828 on-campus beds envisioned in the third phase of construction.
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