New Infrastructure Fund To Help Unlock Housing Sites In Ireland
A fund just established by the government for small infrastructure projects could speed up the construction of some homes by two years, said housing minister Simon Coveney this week.
The new €200 million ‘local infrastructure fund’ should help progress sites for between 15,000 and 20,000 new houses and flats, insist ministers.
Councils in Dublin and in other areas of high housing demand would be able to use the fund to build small infrastructural projects, such as access roads, bridges and surface water management facilities.
Public expenditure minister Paschal Donohoe said: “We urgently need to take action to remove impediments to the supply of private housing so that we can make more rapid progress towards achieving our target output of 25,000 houses per annum to meet housing needs.
“The €200 million fund which we are establishing will help to activate existing planning permissions for large-scale housing developments and should facilitate in the region of 15,000 to 20,000 new houses and apartments.”
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