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 in addressing the legacy of unfinished housing developments arising from the economic downturn. Cavan County Council did not apply for SRF funding in respect of Lisgrey Gardens, Bailieboro at that time. An application for SRF in respect of this development was received from Cavan County Council in January 2015 which was too late for the 2014 call for proposals. No further call for SRF applications is planned at this time.

In this regard, I understand that the Lisgrey Gardens development is still in the ownership of the developer who is still trading and responsible for the completion of the development. It is further understood that a development bond is in place in respect of the development. Responsibility for the resolution of unfinished housing developments ultimately rests with the developers, receivers and owners. It is a matter for local authorities, using development bonds and other securities, and working with the stakeholders, to identify funding and agree works to bring developments to a standard ready for taking in charge.