€84m for 1,770 Affordable Homes

Posted August 7th, 2019

Yesterday I announced funding approval for 25 infrastructure projects across 13 local authority areas. This significant funding commitment of €84 million will support the delivery of 1,770 affordable homes for purchase. This announcement, confirming the 2nd round of approvals and funding under the Serviced Sites Fund, means that, to date, funding support has been allocated to enable delivery of almost 3,200 affordable homes for purchase under the scheme.

We’ve seen recently that house prices have been cooling down, even falling in some parts of the country as supply increases. But for too many people home ownership still remains out of reach. Unless the government steps in to bridge the gap, young couples and workers may not be able to afford to buy their own home in our cities and large towns. That’s why we are using local authority land to build more affordable homes for young workers and couples, and that’s why these approvals announced today are so important. The market will not fix our housing problems alone, the government must lead on providing more affordable homes.

For full details of the 25 projects, go here.