I refer to the reply to Questions Nos. 358 and 359 of 8 April, 2014 which sets out my Department’s position with regard to maximising the delivery of social housing, including by way of bond finance.
Returning vacant and boarded-up local authority dwellings to productive use represents one of the quickest and most cost-effective means of delivering additional social housing units. On 17 April I announced the allocation of €15 million to local authorities with the objective of bringing back into use some 952 vacant local authority housing units. Under the recently announced stimulus package for the construction sector an additional €50 million is being provided for social housing, including a further €20 million to continue the programme of returning vacant stock to productive use and €20 million for new local authority housing construction projects. A further €10 million will fund a special initiative for the immediate acquisition of accommodation for homeless people in the Dublin City area.