Minister to announce call for housing infrastructure projects

Investment to Activate 300,000 Homes

From: Department of Housing, Local Government and Heritage

Minister for Housing James Browne is expected to announce the first call for projects under the Government’s new Housing Infrastructure Investment Fund this week. The €1 billion fund is designed to open up housing sites nationwide by supporting infrastructure works that remove barriers to construction. Projects selected for funding will be required to progress rapidly. Local councils and the Land Development Agency will be invited to submit proposals in the coming days.

On the 13^th November last year, just 2 months ago, the Irish Government announced the launch of the Housing Infrastructure Investment Fund, an ambitious programme designed to create the production of 300,000 new homes. It announced over €102m as part of National Development Plan for critical infrastructure.

But other key investment allocations include:

• €3.5 billion in equity earmarked for energy projects with ESB Networks and Eirgrid
• €12.2 billion secured for water and wastewater services
• €24.3 billion for the transport sector including low carbon transport projects such as Metrolink.
• €20 billion to support the delivery of new social and affordable homes over the lifetime of this plan.
• A further €2.5 billion for the LDA to deliver more homes across the country.
• A projected €2 billion investment by Housing Finance Agency in 2026
• A new €1 billion Infrastructure Investment Fund – to support the work of the new Housing Activation Office.
• An additional €500 million for the URDF, to support regeneration and rejuvenation projects.
• A new ISIF €400 million equity risk capital investment programme over the next three years to expand equity funding available.
• An additional €200 million committed to Home Building Finance Ireland
• €100 million capital funding in 2026 for the acquisition of second-hand properties to support the exit of families longest in homeless emergency accommodation.
• €563 million to support homelessness services in 2026
• An expanded and streamlined Land Acquisition Fund, increased to €500 million for local authorities and AHBs.