MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • State to spend €10m on ghost estates
Uncategorized
Oct 17, 2013 - 09:03

State to spend €10m on ghost estates

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
State to spend €10m on ghost estates

The Government is to pump €10m into a ghost estate scheme so that developers will be more inclined to buy the unfinished homes.

The money will be used to pay for public works such as footpaths, drainage, and roads on estates without a developer bond.

Up to 60% of the schemes, which Public Expenditure Minister Brendan Howlin said in his Budget speech had “left both emotional and physical scars on this country”, remain unfinished.

Meanwhile, Housing Minister Jan O’Sullivan said another €30m, from money raised in the lottery licence, will be used to kickstart the State’s house building programme.

Advertisement

“Approximately half of this investment will enable the construction of new infill developments in areas with the highest demand for social housing. Another €15m will be invested in bringing long-term vacant units back into social use. This will facilitate up to 500 additional housing units between a small number of new builds and the return of previously uninhabitable units to the housing stock,” she said.

According to the Ms O’Sullivan, up to 4,500 social housing units will be provided for next year through leasing and existing capital programmes.

These include completion of mortgage-to-rent arrangements, the continued transfer of NAMA units, the completion of existing building and acquisition programmes and transfers under the rental accommodation scheme.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Brendan Howlin
  • Budget
  • drainage
  • footpaths
  • Ghost Estates
  • Housing Minister
  • Jan O'Sullivan
  • Minister for Housing
  • mortgage-to-rent
  • NAMA
  • Rental Accommodation Scheme
  • roads
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement