Dáil Éireann Debate, Thursday - 13 July 2017
57. Deputy Eoin Ó Broin asked the Minister for Housing, Planning, Community and Local Government the status of the commitment given on page 53 of Rebuilding Ireland that a special purpose vehicle would be established with support from organisations (details supplied). [33143/17]
View answerThe Rebuilding Ireland Action Plan for Housing and Homelessness emphasises the need to look at new ways of funding social housing delivery, in particular the need to provide structural, funding and policy supports to increase delivery of social housing by Approved Housing Bodies. In that context, it states that support will be provided to an Irish Council for Social Housing/sector-led new special purpose vehicle, involving investors which could potentially include the organisation referred to.
Funding for the Irish Council for Social Housing totalling some €49,000 to support this initiative was announced on 15 May 2017. The funding is being made available to the Council to establish a sector-led financial vehicle to allow AHBs to expand and facilitate the delivery of additional housing units. This funding was approved under the AHB Innovation Fund and was part of total amount of €104,043 that was allocated across a number of AHBs. The Innovation Fund was established, in line with the commitment made in Rebuilding Ireland, to provide AHBs with the means to test innovative ideas on new funding structures and to build capacity.
