Fianna Fáil TD John Lahart has welcomed the announcement of funding for transport, water and utility infrastructure works at Killinarden Foothills, a project that will unlock the delivery of 635 new homes in South Dublin.
The announcement forms part of a wider national investment programme announced by the Minister for Housing, Local Government and Heritage, James Browne. The programme will support 82 projects nationwide, with the potential to directly unlock approximately 86,000 housing units and indirectly unlock a further 113,000 units.
In total, the projects have the potential to unlock up to 200,000 homes across the country through both direct and indirect impacts.
Funding for these projects will be provided through the Housing Infrastructure Investment Fund (HIIF). The €1 billion fund was established by the Government this year and is administered by the new Housing Activation Office within the Department of Housing. The HIIF is the largest housing infrastructure fund announced in Ireland in many years.
Speaking on the announcement, Deputy Lahart said:
“Land that is suitable for housing should be able to be developed, and that is exactly what these investments will help achieve.
“There is land across the county that is currently lying idle because it lacks the critical infrastructure needed to support housing development. These projects will address that issue and make this land ready for new homes.
“The projects announced today will be supported by State funding to create additional capacity in local infrastructure networks. This will enable housing development across entire settlements, not just on the lands that directly benefit from the infrastructure investment.
“Increasing housing supply is central to tackling the housing crisis, and measures such as these are essential to maximising local capacity and unlocking as many homes as possible.”
The Department will continue to develop the HIIF and intends to broaden the scope of the fund in its next call for applications later this year. This will include a wider range of public and private sector delivery partners.