Publication
Housing for All – Investment and Financing
From Department of Housing, Local Government and Heritage
Published on
Last updated on
From Department of Housing, Local Government and Heritage
Published on
Last updated on
Housing for All is supported by a €20 billion State investment in housing to the end of 2025. A significant proportion of this investment will be channelled through our State Funding Partners into financing the development of housing.
The capital requirement to provide an average of 33,000 new homes per year to 2030 is estimated to be at least €12bn every year, through a mix of public and private investment.
Ensuring access to sustainable sources of financing, both public and private, will be crucial to the long-term success of Housing for All.
Read the section of Housing for All on Making Capital available for Housing
The State supports development funding through a number of different State agencies, including:
NAMA funds its debtors/receivers only, rather than operating across the whole market.
Each of these State bodies has a mandate to support the funding and development of residential housing.
Modelling undertaken estimates that approximately €12 billion per year of development funding will be required to meet the targets set out in Housing for All. The majority of this development funding, estimated at €10 billion per year, will be required from private capital sources.
Current levels of private development funding in the market are approximately €6 billion per year. Therefore, in order to secure the required development finance to build an average of 33,000 homes per year, approximately €4 billion of additional private funding per year will be required.
A proportion of this funding will be provided by the domestic banking sector. However the vast majority will be required from international sources, underlining the critical importance of institutional investment in generating additional housing supply.
Housing for All includes a number of measures to strengthen relationships with international funding partners and engage with institutional investors to encourage sustainable investment in residential accommodation.
This work is being taken forward through the Investment Workstream, which has a focus on monitoring the adequacy of funding available to deliver housing targets in Housing for All and encouraging investment in residential housing. Read notes from the Investment Workstream meetings.