The Irish Independent has reported this morning that ISIF – part of the NTMA – could pay for a ramp-up in housebuilding under draft proposals drawn up by Housing Minister circulated to the construction industry.
This comes after the government floated the idea last week that NAMA could be turned into a housebuilding agency. The article also reports that the document also proposes a radical overhaul of the state-owned lands saying government should actively match builders to sites it wants building done on.
Goodbody Stockbrokers believes the proposal under consideration is an attempt to try to make more private funding available for affordable housing. In a report this morning, Goodbody noted, "Whilst the focus of ISIF related proposal is social housing, the reports highlight that all angles are under consideration by the government as part of its Rebuilding Ireland document in order to encourage supply."