Thousands of stalled planning permissions in the private rental sector could be converted into social and affordable homes under plans approved by Cabinet.

Ministers heard today that rising construction costs have resulted in a pause in the building of planned rental homes by developers.

Minister for Housing Darragh O'Brien has received approval from Government to activate existing planning permissions.

At the end of last year, there were 42,725 planning permissions for apartments in the build-to-rent sector on which construction had not commenced.

The Land Development Agency (LDA) will now extend Project Tosaigh to activate these stalled planning permissions which will be used for affordable purchase and social homes.

The LDA will work with local authorities and Approved Housing Bodies to identify suitable housing projects.

Since the middle of 2021 more than 54,000 homes have been either built or commenced.