David Stanton (Cork East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

1090.To ask the Minister for Housing, Planning, and Local Government when he expects the next call for the urban regeneration and development fund will be made; and if he will make a statement on the matter. [32084/24]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

A flagship element of Project Ireland 2040, the Urban Regeneration and Development Fund (URDF) was one of four new funds established under the National Development Plan (NDP) 2018 – 2027. Launched in 2018 with committed Exchequer funding of €2 billion the review of the NDP in 2021 extended the URDF to 2030.

To date, there have been three rounds of funding provided under the URDF with more than €1.9 billion allocated so far. While Call 1 and 2 was for specific proposals, the latest round of funding (Call 3) is supporting a programme of acquisitions in each local authority to address long term vacancy and dereliction. Under Call 1 and Call 2 there were 132 proposals, comprising of almost 400 projects, approved for funding.

Subject to additional funding being made available, it is intended to launch a fourth round of funding support in 2024.