Budget 2018: Government pledges over €1.8bn for housing – TheLiberal.ie – Our News, Your Views
September 20, 2018

Budget 2018: Government pledges over €1.8bn for housing

The Minister for Finance Paschal Donohoe has revealed today that the Government will pledge over €1.83 billion to housing projects in 2018.

Under the proposals outlined in this years Budget Mr Donohoe confirmed that a total of 3,800 social houses will be built next year.

Mr Donohoe also revealed that funding for homeless projects and services will be greatly increased with €116m allocated to the scheme.

Along with the funding the Government also confirmed that a further 4,000 social housing units will be purposely built to ease the current homeless crisis.

Meanwhile Mr Donohoe revealed the Housing Assistance Payment Scheme will increased by €149m, whilst an extra
€500m will be allocated for the direct building programme.

There will also be an increase in stamp duty as the bed tax will increase from 2% to 6% from midnight tonight, whilst site tax will increase from 3% to 7%.

Mr Donohoe also said the state plans on creating more construction jobs over the coming years ahead with over 3,000 social housing builds confirmed form now until 2021.

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