Cabinet has signed off on a plan today to try to accelerate the building of new homes and the refurbishment of vacant ones
CABINET HAS AGREED to temporarily subside the construction of between 4,000 and 6,000 additional ‘affordable’ apartments to the value of €750 million.
The funding for new apartment construction will be made through the Land Development Agency under the cost-rental system. The Vacant Property Refurbishment Grant will increase from €30,000 to €50,000 for vacant properties and from €50,000 to €70,000 for derelict properties. It will be extended to cover houses built up to 2007 and include both rental properties and those occupied by their owners.
Leo Varadkar says the govt is pulling every lever it can to deal with the housing crisis. pic.twitter.com/v9bghG1DiUSpeaking at a press conference this afternoon, Taoiseach Leo Varadkar said there is a “huge deficit” in housing and the government is “playing catch up” to close the shortfall.
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