THRESHOLD has warned that renters in Cork on the Housing Assistance Payment (HAP) “will struggle to meet ends meet” as the cost of renting increases across both city and county.
It comes following the latest rental report from Daft.ie which found that the cost of renting in Cork City has risen by 6.3% in the past year, while rent prices in Cork County have increased by almost 9%.
The average rent in Cork City is now €1,483, though HAP limits remain at €550 for one adult.
According to the chairperson of Threshold, Aideen Hayden, approximately half of renters in Ireland are aged between 18 and 34; the age cohort most adversely impacted by Covid-related income loss and unemployment.
Edel Conlon, Southern Regional Services Manager at Threshold, said that young, single people and couples who have had to rely on the Pandemic Unemployment Payment (PUP) must find a property within the HAP or rent supplement
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