A newly launched €68m local authority home building initiative will result in 449 new homes built across the country in the next two years.
The investment, which was announced yesterday by Minister for Housing and Planning, Jan O’Sullivan, represents the first return to new mainstream local authority house building since the beginning of the financial crisis.
“Increasing both public and private housing supply is a priority for the Government,” said the Minister, who was in Darndale for the launch of the programme. “For the first time in many years I am pleased to announce the restart of a local authority mainstream house building programme.”
“Here in Darndale €7.9m will be invested in Buttercup Park to build 35 new homes and improve the area for the residents.
“At present we are delivering approximately 5,000 new social homes each year through a variety of avenues including regeneration, direct construction, leasing and the securing of Nama units. We are also supporting the not for profit housing sector as it expands its amount of social homes. This mix of supply from a range of sources is important to meet social housing demand.”
According to the Minister, the investment is one of a number of Government-backed initiatives that are launching in 2014 and will provide high quality homes for families. She said these include: a €15m fund to bring back into use vacant local authority houses; a €35m investment over 2014 and 2015 for housing for people with a disability, people without a home and the elderly; a €30m investment this year to improve the energy efficiency of local authority housing; and a €10m fund to kick start resolution on the remaining unfinished housing developments.