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Government miss target of bringing vacant homes back into use by 70%

Efforts to bring vacant homes back into use have been a “huge failure” as it emerged that the Government has missed its own targets by 70%.

Just 1,672 of the 5,600 homes promised have been delivered via three schemes set up to bring vacant properties back into use.

198 homes had been brought back into use under the Repair and Lease scheme. Funding of €10.7m was provided for the scheme last year alone, however, 10 local authorities have spent nothing on the scheme since 2017.

670 new social homes were delivered via the Buy and Renew scheme that allows local authorities and Approved Housing Bodies to purchase and renew properties in need of remediation before making them available for social housing.

Only 804 homes have been purchased out of the €70m rolling Housing Agency fund, which was established to acquire vacant properties from portfolios for sale from financial institutions and investors for social housing purposes.

Read full article: BreakingNews.ie

on Friday, March 12, 2021 in News

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