Visit to Luxembourg – Funding of Social & Affordable Housing

Posted February 22nd, 2018

Today I visited the headquarters of the European Investment Bank (EIB) in Luxembourg to discuss future social and affordable housing investment in Ireland. We talked about a potential pilot project and examined funding models from across Europe and ways to broaden EIB support for new social housing investment in Ireland.

Examining experience of successful models for financing social housing from across Europe is key to addressing Ireland’s housing shortage. Discussions with EIB housing experts in Luxembourg this week will contribute to ongoing initiatives to stimulate new investment in the sector. I welcome the EIB’s engagement to assess a scheme involving social, affordable and private housing that has the potential to strengthen future housing schemes across the country. This builds on the EIB’s long-standing support for investment in Irish social housing.

For more information on my visit, go here.