To support the implementation of Rebuilding Ireland: Action Plan for Housing and Homelessness, I have secured €5.35 billion in exchequer investment to deliver 47,000 social housing units through build, refurbishment, acquisitions and leasing, over the period 2016 to 2021. This €5.35 billion investment comprises some €4.5 billion in capital funding and €844 million in support of programmes funded from current expenditure. In addition, €200 million is being provided for the Local Infrastructure Housing Activation Fund through investment in key enabling infrastructure.
Under Budget 2017, some €1.3bn will be invested across the broad range of housing programmes next year, including those covered by the Rebuilding Ireland investment programme. The annual allocations for the years 2018 to 2021 will be finalised in the context of the annual Budgetary process.