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.
Darragh O'Brien said he wanted to assure the Approved Housing Bodies that the government is working to rework and reappraise any future proposals that they feel may be impacted by the rate increase. Minister O'Brien said the HFA's rates, which are set independently of government, are still a good rate but that some developments may have been priced with the existing rates but he said"that's a reality that we have to address but we will address."
He said the Housing for All budget operated in a multi annual basis and that"we have flexibility within that." 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.
I think both sides have valid arguments
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Lending rate increase could hit social housing deliverySome 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. High rise apartments, anything else you work and pay for like everyone else. Better just get tax payer money to build.🤦♂️🤦♂️ There giving them away to foreign nationals anyway ..
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