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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