Increasing the supply of housing, particularly new build social and affordable is a priority for me and for this Government. The Programme for Government commits to increasing the social housing stock by more than 50,000, with an emphasis on new builds. Budget 2021 provides €3.3 billion for the delivery of housing. Subject to the impact of the Covid related restrictions on the construction sector, the available funding will deliver 12,750 new social homes through build, acquisition and leasing. A major focus of this investment is the delivery of new build, with an overall target of 9,500 new homes and the increased build targets will see increased local authority build on local authority land.
The Government will be publishing a new housing strategy this year, which will set out details of social housing delivery for 2021-2025, including social housing targets for 2022 onwards.