Paul Melia: Taxpayers' return on LIHAF investments far from clear-cut
On the face of it, the LIHAF (Local Infrastructure Housing Activation Fund) deals struck between local authorities and developers are a good deal for the taxpayer and those hoping to buy a home.
More than half (55pc) of the 19,979 units to be provided will be social or affordable, with cost reductions of up to €20,000 available on some homes. In many cases, more than the required legal minimum 10pc will be social housing.
Housing Minister Eoghan Murphy also insists that the €195m invested in roads and other essential services will help to deliver much-needed housing to tackle the crisis and reduce the record numbers in homelessness.