Government spending on housing behind target again despite crisis

According to data provided by Minister for Housing Darragh O’Brien in response to a parliamentary question from Sinn Féin’s Eoin Ó Broin , capital spending on housing, up to the end of September, was €1.9 billion. Photograph: Brian Lawless/PAUnder its Housing for All strategy, the Government earmarked €4 billion for spending on social and affordable housing this year.

This comprised €1.08 billion on social housing by local authorities and approved housing bodies ; €682 million in loans to AHBs through the State’s Housing Finance Agency; €161 million on capital expenditure through the LDA; and €24 million on affordability measures such as the First Home scheme.

“The largest draws on capital are always in the last few weeks of the year and we are already seeing this coming through in claims,” the spokesman said. “We expect to have a full spend across the housing programme this year,” he added.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government prepares €500m ‘backstop’ loan for Land Development AgencyCritical housing body needs temporary loan because original €1.5bn budget is nearly fully committed
Source: IrishTimes - 🏆 3. / 98 Read more »

Peter McVerry: The government is ‘running an economy, not a society’The housing campaigner said Ireland’s economy is strong but record numbers of people are homeless and many cannot afford to buy a house
Source: businessposthq - 🏆 8. / 71 Read more »