Minister for Finance Paschal Donohoe and Minister for Public Expenditure Michael McGrath on Tuesday presented Budget 2022, a multibillion-euro package aimed at reducing the cost of living, aiding the economic recovery as Ireland emerges from the Covid pandemic and tackling major problems including housing and climate change.
Here are the main points in relation to housing:
Housing
– €6 billion total funding, with €2.5 billion for social housing next year
– €174 million for affordability measures
– Zoned land tax to be introduced at a lower rate than vacant land tax – three per cent not seven per cent
– Lead in times for 2-3 years depending on when land zoned
– Help to Buy scheme extended by one year, and to be fully reviewed
– €168 million in current expenditure, or 7 per cent increase, for 14,000 HAP tenancies
Source: Irish Times