Dáil Éireann Debate, Tuesday - 11 July 2023
390. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage how much funding from the state's EU National Recovery and Resilience Plan has been earmarked and drawn down to date for the delivery of social and affordable housing; how this EU funding is being administered; and if this funding is additional to existing State funding provided through Housing For All. [33854/23]
View answerIreland’s National Recovery and Resilience Programme (NRRP) is funded by the EU’s Recovery and Resilience Facility (RRF). It is based on sixteen investment projects and nine reform measures with their 109 associated milestones and targets covering the green, digital and social and economic priorities. The RRF is a performance based instrument with the Irish RRF allocation of €915m contingent on achieving milestones and targets. The nine reform measures underpinning the plan contribute to addressing a significant subset of the 2019 and 2020 Country-Specific Recommendations (CSRs).
There is no funding associated with delivery of social or affordable housing under the NRRP. Housing for All is the Government’s plan to increase the supply of housing to an average of 33,000 per year over the next decade. This includes the delivery of 90,000 social homes and 54,000 affordable homes by 2030. Housing for All is supported by an investment package of over €4bn per annum, through an overall combination of €12bn in direct Exchequer funding, €3.5bn in funding through the Land Development Agency and €5bn funding through the Housing Finance Agency.
