Housing; Local Government and Heritage | House price inflation control and development
To ask the Minister for Housing; Local Government and Heritage the extent to which efforts are being made to control house price inflation including the possibility of having the local authorities engage builders to build public housing on State-owned lands to facilitate local authority and affordable housing; and if he will make a statement on the matter.
Housing for All is the Government’s plan to increase the supply of housing to an average of 33,000 per year over the next decade. Housing for All is supported by an investment package of over €4bn per annum, through an overall combination of €12bn in direct Exchequer funding, €3.5bn in funding through the Land Development Agency and €5bn funding through the Housing Finance Agency.
There has been significant construction products inflation during 2022 due to a number of factors, notably the Russian invasion of Ukraine, rising energy prices and constrained supply chains. A central element of the Government’s housing policy is to support the delivery of public housing on local authority land. Under Housing for All, the Government will deliver 47,600 new build social homes and 3,500 social homes through long-term leasing from 2022 to 2026. In the same period over 29,000 affordable homes will be delivered including 18,600 affordable purchase homes and 10,400 cost rental homes.
A key action under Housing for All was the preparation of Housing Delivery Action Plans by local authorities. These Plans set out details of social and affordable housing delivery over the period 2022-2026, in line with targets set under Housing for All. The Plans also include details of the locations and delivery streams for social and affordable housing, including land available to deliver this housing and future land requirements. The Housing Delivery Action Plans are available on the websites of the relevant local authorities.
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