Housing Minister Darragh O’Brien will announce the Government’s plan to tackle the housing crisis and will aim to deliver 300,000 homes by 2030.
The plan commits to an annual spend of €4 billion on housing and sets annual targets across social, affordable and cost rental housing.
The plan titled Housing for All will be launched later on Thursday by Housing Minister Darragh O’Brien.
Up to and including 2030, the Government is aiming to deliver 300,000 homes made up of 90,000 social homes, 36,000 affordable homes, 18,000 cost rental homes.
The remainder would be provided by the private sector.
The plan will detail affordable housing schemes, contain new measures to tax vacant properties and vacant sites as well as radical plans to transform the planning and land value system in Ireland.
The Government wants to reach 33,000 houses built every year by 2025 - 12,000 more than the total built in 2019.
Minister O’Brien is expected to outline a number of schemes that will aim to make homes more affordable for people looking to buy their first property.
New legislation is also expected to regulate short-term lettings like AirBnBs with the aim to have more rental properties in the long term rental market.
Sinn Fein has said that it will judge the Government’s housing plan “by its details” when it is published.
Housing spokesman Eoin O’Broin said on Wednesday that he expects “a lot of whistles and bells” to come with the plan.
He said his party would be scrutinising the plan before it responds, but said that it would be judged on the level of direct investment in housing the plan promises, as well as the planned output of housing.
He told reporters: “What is not clear yet however is what level of direct capital investment by Government in delivery of social, affordable rental and affordable homes will be in this plan.
“We don’t know if it’s actually going to include targets for the delivery of social and affordable homes for next year, the year after, and the year after that.”
He said that the Government needs to focus not just on new-build homes, but should also access the thousands of vacant homes already in existence.
The Sinn Fein TD said that this party was still calling for a three-year ban on rent increases.
He also called on the Government to set a date for a referendum on enshrining a right to housing in the Irish constitution.
Get the latest news headlines straight to your inbox by signing up for free email alerts
