Friday, March 01 15:06:14
The Government today said it has allocated capital funding of E275 million to 34 City and County Councils under the Social Housing Investment Programme for 2013.
This will be allocated to city and county councils under a number of measures including new housing supply including Traveller accommodation of E69.3m; regeneration, estate remediation and energy retrofitting of E111.4m and voluntary sector housing construction of E55m.
Some E35 million is also being provided to support the suite of grants for older people and people with a disability living in private housing.
These grants, which are administered by the local authorities, provide 80pc of the cost of adaption or other necessary works.
Recognising that the housing challenges are particularly acute at this time, Minister Jan O'Sullivan TD, Minister for Planning and Housing said, "the difficulties facing the State's finances and the necessity to reduce public expenditure to sustainable levels are impacting on capital programmes all across the public sector, including the social housing programme. As a result of the budgetary adjustments, capital spending on new construction projects is down on last year."
"In response to this reality I'm committed to developing other funding mechanisms that will provide additional sources of capital funding and will grow the supply of new social housing."