Call For Govt To Back Long Term Investment In Housing

Significant long term investment in building houses is the only solution to the social housing crisis, Sinn Féin has said.

The party has launched a motion calling on the government to introduce a suite of measures to tackle the crisis, including a €1bn house building programme, rent controls, Local Authority trusts and a deposit retention scheme.

Launching the motion, housing spokesperson Dessie Ellis said: "The measures included in this motion would represent an important step in the government recognising the full scale of the crisis we face and the need for a radical change in direction to address it.

"We have identified 1 billion euro of the Strategic Investment Fund which we believe should be put into use immediately to build 6600 homes for those in need."

Mr Ellis said that all is needed is a "simple change" to legislation to make the Strategic Investment Fund accessible for social investment.

"Constructing 6600 new homes will create thousands of jobs, increase vat revenue, drive down rents and house many thousands of people currently in cramped subsidised private accommodation or in emergency accommodation," he said.

Adding: "If 6600 people were taken off Rent Supplement from this investment it would save €148 million over 5 years."


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