Affordable Housing Plans

Posted May 21st, 2018

Last week in the Dáil I outlined our plans for more affordable housing. You can read my statement below.

The years since Fine Gael assumed responsibility for the economy have been a success in economic terms. However, in terms of housing, we are now facing a great social cost and suffering arising from that success. These are compounded by the under-supply that preceded 2011. Surely the broken housing sector, which is now being fixed, is the long sting in the tail for a country that was so badly let down by the Fianna Fáil Party’s 13-year reign. Our difficulties manifest themselves most severely and distressingly in the large number of homeless families in emergency accommodation tonight who are not mentioned in the motion….

When the Fianna Fáil Party states no affordable homes have been built since 2011, it is simply wrong. Our problem for much of the past seven years has not been affordability of homes but the reverse. We are now confronted with supply and affordability problems and the Government is fixing these as a priority. We launched a number of affordability measures last year. They include the local infrastructure housing activation fund, LIHAF, to which previous speakers referred, the introduction of a successful fast-track process and new apartment guidelines which will drive down costs and rent pressure zones, which Fianna Fáil supports and recognises are working – hence the legislation it introduced today.

Earlier this year, I launched three new affordability measures. A number of successful applicants have been approved under the Rebuilding Ireland home loan, although drawdown has not yet taken place because a couple of months are needed to find a home and secure agreement on sale. The affordable purchase scheme, which was also mentioned, was launched in January and we will also introduce cost rental projects at scale thanks to our partners in the European Investment Bank. We will build on these measures with further details under Project Ireland 2040 and these will be announced very soon.

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