Thursday, 24 October 2013

Questions (191)

Martin Heydon

Question:

191. Deputy Martin Heydon asked the Minister for the Environment, Community and Local Government if he will provide details of the €10 million fund introduced in budget 2014 for the resolution of issues in unfinished estates where no development bond exists; when he expects it to be functional; the way estates will be chosen to be part of the fund; and if he will make a statement on the matter. [45461/13]

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Written answers (Question to Environment)

I intend to develop a fund for the resolution of certain unfinished housing developments that have not been possible to resolve up to this point. The precise criteria under which the fund will be disbursed are currently being developed and will be finalised shortly. However, I envisage that the fund will operate in a carefully targeted and evidence led fashion to aid the resolution of occupied developments and in a way that will stimulate more significant investment by the owners of these developments, including generating additional employment through the resolution works.