The Housing Action Plan Report is due for Public release next Tuesday. The main body of the report will outline a state fund plan to buy distressed properties from banks and a pledge to build 45,000 new social houses by 2021
The report is also expected to include:
- Plans to build “mixed tenure” housing on public land
- To speed up the planning process for social housing
- To establish a “procurement centre of excellence” in the Housing Agency
- Acknowledgment that the State must intervene in the housing crisis
- €200 million local infrastructure housing activation fund
- Local authorities will be empowered to pay developers upfront for Part V social housing, rather than wait to pay on delivery
- A new special-purpose vehicle will be established to provide finding for social and private housing projects
- Long-term investors, such as pension funds, are to be invited to develop a build-to-rent sector, a new concept in Ireland (Seen in action recently with Hines and Shannon Homes)
More Detail in Irish Times article
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