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EIB housing plan welcomed but much more needed - Ellis

9 October, 2014 - by Dessie Ellis TD

Sinn Féin Housing spokesperson Dessie Ellis TD has welcomed the announcement that 150 million euro from the European Investment Bank will be used to build and upgrade social housing in the state but believes more must be done.

Deputy Ellis stated:

"We have been calling for the government to approach the EIB with this kind of initiative for a number of years. We are glad they have finally done so but it is quite late into the housing crisis and represents only a fraction of the housing needed every year to deal with the massive need out there.

“We have over 100,000 people in need of housing with at least 2,500 homeless in Dublin alone. Rents have spiralled out of control in recent years and a massive injection of investment is needed in social housing to deal with this.

“This investment is welcome. We are glad of any news that people currently not housed will be given a home soon but it is not nearly enough. The investment if matched by government as agreed will deliver 2400 homes over 3 years. We need thousands of homes as soon as possible and we cannot wait for things to get worse.

“In Sinn Féin's budget proposal we show how one billion euro of Strategic Investment Fund money could be used to deliver more than double that many homes. We also call for it to be done on a time frame that would see all work commenced within 18 months.

“That means 6600 families will be off rent supplement and out of emergency accommodation, making savings in other departments over time and stabilising rents. It means homes for people who desperately need them.

“The government have shown they are willing to invest. They must now show they grasp the seriousness of the situation and make a real effort to tackle the housing crisis.”

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