The Minister for Housing, Local Government and Heritage, James Browne TD, today unveiled the National Development Plan (NDP) Sectoral Investment Plan for Housing.

The plan underpins the new housing action plan, Delivering Homes, Building Communities 2025–2030, and represents the largest capital commitment to housing and critical infrastructure under the NDP.

To support the Housing Action Plan, almost €25 billion in NDP funding is being allocated to Housing Capital Programmes over the lifetime of the plan, supplemented by investment through the Land Development Agency (LDA) and lending via the Housing Finance Agency (HFA).

Minister Browne said: "We are in a housing crisis, and we are responding by providing an unprecedented amount of funding for housing.

"Tackling the crisis in both housing and homelessness is a priority for this Government, and the funding allocated as part of this National Development Plan reflects that. In particular, it will allow us to scale up the delivery of social and affordable housing to levels never seen before in this state.

"This funding should also be seen in the context of the record investment of €12.2 billion in the water sector. This has been outlined as part of our NDP sectoral plan for water. That funding will support the delivery of a wide range of projects in cities and regions to deliver the additional water services capacity required for our new housing targets."

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Over the course of the NDP, €1 billion is earmarked for the Housing Activation Office (HAO) and housing infrastructure. Establishing the HAO is a key Programme for Government commitment aimed at accelerating homebuilding by clearing infrastructure delays.

Almost €20 billion is allocated to Social and Affordable Housing Delivery Programmes, addressing housing inequality for low-income households.

The Social Housing programme is set to scale up new-build delivery from an average of around 8,000 homes a year to an average of 12,000 annually between 2025 and 2030. Capital investment will support the delivery of 10,200 new-build social homes in 2026, increasing thereafter to reach the 12,000 average.

The allocation will also fund approximately 15,000 affordability supports per year to help people buy or rent a home of their own.

A further €4.2 billion is assigned to programmes providing key supports nationwide, with a strong focus on improving the lives and wellbeing of people in existing communities across villages, towns and cities, and tackling challenges such as population decline and economic stagnation.

He added: "Delivering on our new housing action plan requires robust and delivery-focused partnership. As seen by this sectoral plan, the State is leading with record investment to complement the strong direction in our action plan, but success depends on others also playing their part — local authorities, the Land Development Agency, Approved Housing Bodies, the private sector and communities.

"The money to achieve our objectives is being provided but we also need the necessary will and focus. We will work with everybody to meet our ambitious target of at least 300,000 new homes by 2030 and, where necessary, we will call out those instances where we feel delivery is not proceeding at the pace and scale it should be. I will be relentless in tackling the housing crisis."