Bussiness
Taxpayer risk rises as State-backed bodies oversee €4.6bn of construction
![Taxpayer risk rises as State-backed bodies oversee €4.6bn of construction Taxpayer risk rises as State-backed bodies oversee €4.6bn of construction](https://focus.independent.ie/thumbor/5enr4LhtIThbDkvnZPe-es52sU8=/0x0:3238x2158/629x0/prod-mh-ireland/91131b8e-c5ad-4f5b-9314-06ff15da244b/39a5190b-d0b5-4ec2-b572-6088023436f0/91131b8e-c5ad-4f5b-9314-06ff15da244b.jpg)
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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