Denis Naughten (Roscommon-South Leitrim, Independent)
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573. To ask the Minister for Environment, Community and Local Government further to Parliamentary Question No. 137 of 27 March 2014, if he will provide an update; and if he will make a statement on the matter. [36944/14]

Alan Kelly (Tipperary North, Labour)
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Budget 2014 contained a special provision, in the form of a targeted €10m Special Resolution Fund (SRF), to assist further in addressing the legacy of unfinished housing developments. The SRF is designed to encourage the resolution of the remaining tranche of unfinished developments identified in the National Housing Development Survey 2013 and, particularly, those developments not likely to be resolved in the normal way through solely developer/owner/funder action because of the presence of specific financial barriers.

On 2 May 2014, allocations from the Special Resolution Fund were announced and 86 developments were approved for funding. The following link contains a list of all developments approved for SRF funding:.

€250,000, the maximum amount of SRF funding payable in respect of any one estate, was approved for the particular development referred to.

It is hoped that the SRF will enable very substantial progress to be made in resolving as many of the remaining unfinished developments as possible.