Written answers
Tuesday, 16 April 2024
Department of Finance
Departmental Reviews
Ivana Bacik (Dublin Bay South, Labour)
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235. To ask the Minister for Finance the progress in reviewing the Ireland Strategic Investment Fund funding programme, which allocated an additional €400 million for equity-based housing investments; and if he will make a statement on the matter. [16657/24]
Michael McGrath (Cork South Central, Fianna Fail)
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As the Deputy is aware, in July 2023, I announced an extension to the Ireland Strategic Investment Fund (ISIF) funding programme to deliver new homes, with a new €400 million allocation for equity-based investments in new housing projects.
This allocation builds on ISIF’s existing housing related commitments of €1.2 billion which has supported the delivery of 11,250 new homes thus far and is targeting the delivery of over 25,000 new homes by 2025 for owner-occupiers, renters, people who need social housing and students.
The updated Housing for All plan, published in November 2023, includes a number of actions relating to financing and investment. One of these actions is a review of the ISIF funding programme. This review is currently underway and is on target to be presented to the Housing for All Investment Group in Q2 2024, as required under the Housing for All Action Plan.
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