Friday 20 July 2018

Paul Melia: Taxpayers' return on LIHAF investments far from clear-cut

Housing Minister Eoghan Murphy. Photo: Gareth Chaney, Collins
Housing Minister Eoghan Murphy. Photo: Gareth Chaney, Collins
Paul Melia

Paul Melia

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.

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