Lending rate increase could hit social housing delivery

  • 📰 rtenews
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 99%

Loans Loans Headlines News

Some of the main providers of social housing have said a rise in lending rates by the State's Housing and Finance Agency may affect the volume of social housing that can be delivered.

Approved Housing Bodies were informed earlier this week that the HFA was increasing its rate on some fixed-long term loans.

Social housing providers told The Irish Times that they will not be able to proceed with some projects due to the increases. In a statement, the Alliance, whose members provide almost 30,000 homes nationally, said delivery potential was already under pressure from supply chain challenges, the rising cost of building materials and labour, and the lack of access to land on which to build houses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Not on the number that can be delivered, maybe, but on the number that can be afforded, possibly..

There giving them away to foreign nationals anyway ..

Better just get tax payer money to build.🤦‍♂️🤦‍♂️

High rise apartments, anything else you work and pay for like everyone else.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LOANS

Loans Loans Latest News, Loans Loans Headlines