Written answers

Wednesday, 6 July 2016

Department of Environment, Community and Local Government

Local Authority Funding

Photo of Seán SherlockSeán Sherlock (Cork East, Labour)
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114. To ask the Minister for Environment, Community and Local Government if he has published the terms of the local authority infrastructure fund; and the full year cost of its implementation in 2017. [20104/16]

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael)
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I recently announced the Government’s approval to the establishment of a Local Infrastructure Fund of €200 million to relieve critical infrastructural blockages to enable the accelerated delivery of housing on key development sites and to improve the economic viability of new housing projects in Dublin and in urban areas of high demand for housing.

The Fund will be composed of an Exchequer allocation of €150 million, matched by a €50 million contribution from participating local authorities. Funding is to be allocated to local authorities, following a call for proposals on the basis of a competitive bid process which would be disposed to early delivery of the requisite additional housing at scale, including at affordable prices.

It will be a matter for local authorities to determine their bid proposals to identify the priority development sites proposed to be activated for housing in the immediate and short term through the removal of the infrastructural blockages. It is estimated that the €200m Fund will give rise to additional expenditure of €70m in 2017, €100m in 2018 and €30m in 2019, which incorporates the €50m matching funding by local authorities.

The detailed arrangements on the implementation of the funding are being finalised by my Department, in conjunction with the Department of Public Expenditure and Reform.

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