Dáil Éireann Debate, Thursday - 27 March 2014
137. Deputy Denis Naughten asked the Minister for the Environment, Community and Local Government if he will approve funding for a project (details supplied) in County Roscommon under the special resolution fund; and if he will make a statement on the matter. [14551/14]
View answerBudget 2014 contains a special provision, in the form of a targeted €10m Special Resolution Fund (SRF), to assist further in addressing the legacy of unfinished housing developments. The SRF has been proposed to encourage the resolution of the remaining tranche of unfinished developments identified in the National Housing Development Survey 2013 and, particularly, those developments not likely to be resolved in the normal way through solely developer/owner/funder action because of the presence of specific financial barriers. It is envisaged that the SRF should be particularly targeted to address the remaining unfinished developments with residents living in them and, in particular, any developments that local authorities identified, for the purposes of the Local Property Tax waiver, as in a seriously problematic condition.
My Department is currently evaluating SRF applications from local authorities, including an application for funding in respect of the development in question. A number of queries have been raised by the Department with local authorities in relation to certain of the applications. I am conscious of the limited time available to complete SRF projects within the current year and I am hopeful that my Department will be in a position to finalise matters in the coming weeks.
I hope that the SRF will enable very substantial progress to be made in resolving as many of the remaining unfinished developments as possible.
