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Taxpayer risk rises as State-backed bodies oversee €4.6bn of construction

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3 months ago

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Taxpayer risk rises as State-backed bodies oversee €4.6bn of construction

Delivering 50,000 homes a year will require €20bn of debt and equity, new report says

Planning has been cited as the main barrier to delivering much-needed new homes, the report says. Photo: Getty

International funds will likely be needed to provide the bulk of around €17bn a year needed to deliver new housing targets being introduced by the Government, according to a new report from the Department of Finance.

Meanwhile, taxpayer-backed bodies, including approved housing bodies, are taking increasingly risky roles as forward funders of schemes including apartments that the private sector does not see as viable.

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