Over €200 million invested by EU bank to build 1400 new social

first_imgOver €200 million invested by EU bank to build 1,400 new social houses here Over 700 houses are also to be renovated under the scheme. 75 Comments Friday 3 Mar 2017, 10:20 AM Image: Sasko Lazarov Image: Sasko Lazarov THE EUROPEAN INVESTMENT Bank (EIB) yesterday confirmed support for record new investment in social housing that will house over 2,000 families across Ireland.It is expected that 1,400 new homes will be built and more than 700 properties upgraded in Dublin and across the country under the new initiative jointly financed with the Housing Finance Agency.Using funding from a previous EIB social housing initiative, housing association Túath has built 68 new homes, comprising both apartments and houses in Beaumont, DublinHousing Minister Simon Coveney said over 1,400 families will have a new home as a result of this investment.“A further 700 householders will see their properties upgraded.  The financial package will provide additional employment and support local construction suppliers.  We are seeing a vital economic and social investment of €405 million,” he added.Under the new initiative €200 million of new financing from the EIB will be matched by the Housing Finance Agency to provide €405 million for new lending to support investment to upgrade social housing and improve energy efficiency.The new announcement follows a separate €300 million social housing lending programme agreed between the EIB and the Housing Finance Agency in December 2014.Read: Counting under way in the North – as possible return to direct rule looms >Read: Severe downpours: The weekend weather forecast isn’t particularly good > https://jrnl.ie/3268244 Mar 3rd 2017, 10:20 AM Share27 Tweet Email1 Tweet thisShare on FacebookEmail this article By Garreth MacNamee Short URL 16,201 Views last_img

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