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Housing Infrastructure fund launch highlights gap between rhetoric and delivery – Ó Broin

28 March, 2017 - by Eoin Ó Broin TD

Sinn Féin Housing spokesperson Eoin Ó Broin TD has said that the launch of the Government’s infrastructure fund projects today highlights the widening gap between “rhetoric and delivery”.

Speaking after the launch this afternoon, Deputy Ó Broin said:

“Today, Minister’s Coveney and Donohoe announced that a €226m local infrastructure fund will be made available for 34 projects across the state.

“The additional funding being made available by central government towards this fund is only €170m. This is nowhere near enough when you consider that projects worth €800m applied for funding.  

“Sinn Féin is not opposed to a Local Infrastructure Fund, but to invest just €226m over four years given the level of demand highlights the gap between Minister Coveney’s rhetoric and his delivery.

“There is also no guarantee that the homes which the Minister hopes to facilitate with this fund will be affordable. This means that developers get taxpayers’ money with no guarantee of any return for hard pressed first time buyers.

“When you consider that the average price of a three bed semi-detached in Dublin now costs €400,000, and with 14,000 homes set to be constructed in Dublin thanks to this fund, there must be a stronger, contractual commitment made between the developers and the local authorities that these homes will be affordable.

“Yet again, Minister Coveney has demonstrated his ability to announce with great fanfare a measure that lacks ambition, lacks funding, and does not guarantee any benefit for those in greatest need of affordable housing.” 

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