Oireachtas Joint and Select Committees

Tuesday, 20 November 2018

Joint Oireachtas Committee on Housing, Planning and Local Government

Impact of Brexit on Ireland's Housing Market: Discussion (Resumed)

11:00 am

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

This might be a question for the Minister rather than the officials. I accept that, for example, the capital construction targets are set through to 2021 and the leased and private sector subsidised are set to 2021. Therefore, we know their quantum. Were things to become more difficult, has there been discussion on whether there can be a shift between the two? Let us say 89,000 private sector units were subsidised by the State though the course of Rebuilding Ireland through HAP, RAS and leasing. We will have around 40,000 real social houses delivered by approved housing bodies and local authorities through builds and acquisitions. If Brexit starts to get very negative, when we are in 2020 and private sector supply is slowing, that will immediately reduce the capacity of Rebuilding Ireland to meet its social housing targets in the subsidised private rental sector. Is there discussion on the possibility of increasing the capital spend on real social housing to build and buy rather than relying on the private sector were that to happen?

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