Archive for the ‘Housing’ Category

Claire and Eoghan are in their early thirties. Both have permanent positions in their respective public and private sector jobs. They are thinking of starting a family and buying their own home.

With a combined income of €60,000 they have mortgage approval for €210k. Their problem is that saving for a deposit while paying €1400 a month in rent has been tough. Eoghan wonders whether they should move in with his parents until they have the €30,000 saved.

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In October 2014 the Irish League of Credit Unions (ILCU) proposed investing millions of euros of its members savings into social housing. Three years later the Central Bank looks set to give the proposal the green light.

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The government is about to embark on a major shift in the funding of social housing. Five local authorities are being asked to initiate a public private partnership to deliver 500 homes.

This is the first of three such projects being proposed by Government.

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Housing dominated the political agenda in 2016 like never before. Decades of underinvestment and bad policy across all tenures created a dysfunctional housing system.

The recession didn’t just make things worse, it lit the fuse that has resulted in an explosion of housing need.

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Fine Gael and Fianna Fáil are in a spin over the Governments controversial first time buyers scheme. With an allocation of just €50m in Budget 2017 this may seem a little surprising. Less so when you consider the weight of opinion opposing the measure.

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Twice this week Minister for Housing Simon Coveney lost his cool. The source of his irritation was an inability to understand why his anaemic housing budget was not being greeted with universal praise.

At his Budget day press conference the normally composed Cork TD was visibly irritated when journalists questioned the wisdom of his so called help to buy scheme.

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Simon Coveney has delivered his Housing Action Plan early, 74 days after taking office. The 114 page report sets out the Governments plan for tackling the perfect storm that has engulfed our dysfunctional housing system.

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