Máire Devine (Dublin South Central, Sinn Fein)
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183. To ask the Minister for Housing, Planning, and Local Government to review the case for financial support of a community development (details supplied). [5017/25]

James Browne (Wexford, Fianna Fail)
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A flagship element of Project Ireland 2040, the Urban Regeneration and Development Fund (URDF) was one of four 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 programme 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 were for specific urban regeneration and development projects, the latest round of funding (Call 3) is supporting a programme of acquisitions in each local authority to address long term vacancy and dereliction. Funding applications for URDF Call 2 and Call 3 were open to Local Authorities only.

In line with the agreed Programme for Government, I intend to continue and expand URDF-type investment in projects as part of the new Towns and Cities Infrastructure Investment Fund, which will allow for investment in infrastructure, the acquisition of land, assembly of sites and the de-risking of sites in existing towns and cities to maximise their potential growth.

The detailed arrangements for the implementation of these funding streams are currently being finalised. I plan to make a further announcement on these funds following completion of the National Development Plan Review, when the level of additional capital funding for infrastructure investment is determined.