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 to 2021.
The €5.35 billion investment comprises some €4.5 billion funding in capital funding and €844 million in support of programmes funded from current expenditure. In addition, over €200 million is being provided for the Local Infrastructure Housing Activation Fund for investment in key enabling infrastructure, the details of which I announced last week with my colleague, the Minister for Public Expenditure and Reform.
The 2018 funding allocations for both capital and current housing programmes will be finalised in the context of the forthcoming annual estimates process.