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Press Release on Budget 2018

Press Release on Budget 2018
11 Oct 2017

ough LIHAF is welcome as we need to continue to invest in infrastructure to support our future housing requirements.”    

Home Building Finance Ireland (HBFI)

“The setting up of Home Building Finance Ireland with a €750 million fund for housing development will make a difference. This will assist in providing much needed funding to support housing development. The target should be to support home builders in delivering housing and bringing empty properties back into use.”

Affordable Housing

“The reintroduction of affordable housing both to rent and buy is very important. The initial allocation of €25m coupled with the use of local authority and state land can be an effective approach to provide affordable homes for those who cannot afford to rent or buy on the open market.”

Mortgage to Rent Scheme

“The increase to €22m of funding for the expansion of the Mortgage to Rent Scheme will allow many more households to remain in the homes.”

“We need to continue our focus on helping households in mortgage arrears.”

Taxation and Site Levies

“The changes to capital gains tax and the site levels will get land owners focused on making use of their land for housing delivery.”

“Tax reliefs for work on vacant homes to encourage owners to get them back into use is the type of initiative that the Housing Agency fully supports. We need to incentivise and support owners of these properties to get these vacant houses occupied again.”

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