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The Royal Institute of Architects welcomes €200 million Local Infrastructure Investment Fund

Published: Thursday, June 16, 2016

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14th June 2016, Dublin – The Royal Institute of Architects of Ireland welcomes Minister Coveney’s announcement of a €200million Local Infrastructure Investment Fund - to provide public off-site infrastructure to stimulate an increase in private housing in Dublin and in urban areas of high demand for housing.

President of the RIAI, Carole Pollard, said, “The Royal Institute of Ireland welcomes and commends Minister Coveney on the announcement of the €200million infrastructure investment fund which is helping towards building access roads and local infrastructure and opening up the opportunity for more development by unlocking land in high demand areas – both public and private housing developments - which is greatly needed to meet the demands of delivering much needed housing as well as getting sites moving more quickly and reducing cost associated with construction (such as access routes into estates) to build affordable housing schemes.” 

“This is a significant task considering Ireland built only 8,500 homes in 2012 when a 2014 ESRI Research Report predicted that an estimated 12,500 new homes per year will need to be built by 2021.  The Housing Agency predicts an even higher average new housing supply, saying that 20,916 units are needed per year between 2015 and 2017 which confirms the need and the Minister’s ambition for 25,000 houses annually,” concluded Ms Pollard.

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For further information or to arrange an interview with Carole Pollard please contact: Catherine Walsh, The Reputations Agency 087 268 9532

Categories: Architecture | Housing | Press Releases | RIAI Press Release


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