A total of €9 million has been secured to help local authorities complete work on 356 unfinished developments in Ireland.
Housing Minister, Simon Coveney TD, said residents can be confident that the housing developments they live in will be properly finished out and maintained in the future.
Minister Coveney also confirmed almost €4.5m of funding will be sourced by local authorities through bonds and other sources.
He said: "The dramatic boom and bust that our residential construction sector experienced over the last 15 – 20 years has left considerable issues for households in developments that would previously have been taken in charge in the normal way. There has been significant progress in tackling these most acute cases, providing for the completion of the majority of unfinished developments. Through the funding I am providing to local authorities we can now map a path towards all residential developments being taken in charge by local authorities.
"This work on taking in charge should also be seen in the context of the Government’s forthcoming Action Plan for Housing and the funding provided through local authorities to support the provision of new infrastructure to support the development of high quality homes for all."
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