A new hope for the Irish public; ‘Housing For All’ plan unveils today and aims build 300,000 homes by 2030

Irish government’s prestigious programme ‘Housing for All’ is unveiling today and aims to build 300,000 new homes by the end of this decade. The government will spend €4 billion per year for the programme to tackle the prevailing homeless crisis in Ireland. With this, the government is optimistic about ending homelessness in the country by the end of 2030.

The project will be vital to the future of the three coalition parties of the Irish government. The Cabinet will formally start the plan today by signing the documents. The plan will be launched by Minister for Housing Darragh O’Brien, Taoiseach Micheál Martin, Tánaiste Leo Varadkar and Green Party leader Eamon Ryan. The plan includes 900,000 social housing homes and a target of 36,000 new inexpensive properties within ten years. Apart from that, 18,000 homes will be designated cost rental, and the rents will be at least 25 per cent below the market rate. A gross of 152,000 homes (which is 52% of the total number) will be available through the private market

The scheme aims to build nearly 10,000 social homes per annum, out of that 9,500 will be fresh. The remainder will be acquired through the repair and leasing scheme so this can bring the vacant and unused properties to the market again. The inexpensive homes will be sold through a shared leasing scheme or through the separate Local Authority Affordable Purchase Scheme.

In the coming 5 years, the government will spend around €20.5 billion for this project, including a €12.5 billion in direct exchequer funding, €5 billion provided through the Housing Finance Agency and the €3.5 billion from the LDA. A total of €36 billion will be spent by 2030.

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