Ireland’s Deputy Prime Minister, Micheál Martin, says the country needs to build 60,000 homes a year to address its housing crisis. This target is 20,000 more than what’s expected to be built this year.
Key Points:
- The Housing Finance Agency reports a 200% increase in financing approvals for new social and affordable homes in early 2024.
- Cork City Council plans to build 38 modular social homes, showcasing innovative solutions to the housing shortage.
- The government has increased annual house building from 20,000 to nearly 40,000 since taking office.
- €4.5 billion is being spent yearly on social housing, making the State the biggest player in the housing market.
- Modular homes, while gaining attention, still make up a small portion of overall housing solutions.
According to Irish Examiner, The Deputy Prime Minister emphasizes that reaching the 60,000 annual target is crucial to making a significant impact on the housing issue, which he considers the country’s top priority.