05 Jul 2022

€20 billion backed housing plan marks significant step claims Charlie Flanagan


Construction work at Higgs Lane in Portlaoise

The launch of the Government’s Housing For All plan marks a significant step forward in the goal to ensure everyone has the option to own their own home, and builds on Fine Gael’s work in this area, according to Deputy Charlie Flanagan.

In a statement he said ‘Housing for All’ is the new whole-of-government plan that incorporates and builds on the cornerstone measures from Fine Gael’s plan Rebuilding Ireland and introduces new actions to ensure everyone has access to sustainable, good quality housing.

“Housing For All sets out clear housing targets and a realistic and sustainable path to delivering on those targets," said the Fine Gael TD.

"It is financially backed by €20bn of investment over 5 years and represents real progress for first-time buyers, for renters, and for lower income families who need additional support to meet their accommodation needs.  It is built on the core vision of social inclusion and supports and empowers homeownership – something that’s really critical in Irish society," he said.

He said that before the Covid-19 Pandemic, much progress had been made in providing homes and housing of different types. He said nearly 85,000 new homes were built since 2016 up to last year. He added that 34,000 social homes comprising new builds, acquisitions and the refurbishment and renovation of old homes, were also delivered.

“Fine Gael has always maintained we must step up the level of ambition on housing output per year, and I am pleased to see the Government’s plan targets the building of 40,000 a year by 2030.

“We are focused on expanding the role and borrowing capacity of the LDA and extending the Rebuilding Ireland Home Loan to more people struggling to buy their first home. It already has lent over €354 million to help almost 2,100 households buy their first home.

“The plan introduces a new ‘Owner-Occupier Guarantee’ to ensure a portion of all new developments are reserved for first-time buyers and other owner-occupiers, as well as a new ‘First Home’ Shared Equity Scheme for private developments.

“Another hugely important goal is to eradicate homelessness by 2030. This plan expands the Housing First programme which provides wraparound supports for homeless people to help them transition into housing and establishes a new National Homeless Action Committee. We are also expanding Street Outreach Teams nationwide to help people sleeping rough.

“A holistic approach is really important to solving our housing issues. As well as increasing supply of private homes, we must increase social and affordable options as well as continuing to support renters.

“The plan ensures that 20% of all developments are set aside for affordable and social homes and also commits to reforming the Local Authority Home Loan scheme.

“The Rent Pressure Zones which were introduced by Fine Gael in the last Government, will be extended to 2024, and we will ensure any rent increases are capped at the rate of inflation and also cap upfront deposit and rent payments at two months value. We are also introducing indefinite tenancies to provide greater security and certainty, as well as increased powers for the Residential Tenancies’ Board. The Plan provides an average of 2,000 new cost rental homes every year with rents targeted at least 25% below market level.

“We also want to support older people in their housing options. We will explore changes to stamp duty in cases where a household chooses to right-size to a new home that better suits their needs. We are also working to ensure the continued delivery of Age Friendly housing with homes designed to suit the needs of older people, as well as continuing to facilitate the use of homes of people in the Fair Deal Scheme," he said.

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