Dáil Éireann Debate, Thursday - 17 July 2014
464. Deputy Denis Naughten asked the Minister for the Environment, Community and Local Government further to Parliamentary Question No. 137 of 27 March 2014, if he will provide an update; and if he will make a statement on the matter. [32133/14]
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 is designed 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. In December 2013, my Department wrote to local authorities seeking proposals for funding support under the SRF and the deadline for receipt of applications was 28 February 2014. All submissions were evaluated by my Department in accordance with the criteria circulated to the local authorities. On 2 May 2014, allocations from the Special Resolution Fund were announced and I can confirm that an allocation of €250,000 was made available in respect of the housing development in question.
The following link contains a list of all developments approved for SRF funding:
http://www.environ.ie/en/DevelopmentHousing/Housing/News/MainBody,37940,en.htm
It is hoped that the SRF will enable very substantial progress to be made in resolving as many of the remaining unfinished developments as possible.
