Investment - Housing
Housing, and social housing provision in particular is one of Social Justice Ireland’s priority areas for strategic infrastructural investment. Housing affordability continues to present a serious issue in Ireland with prospective homeowners facing house price increases of 15.2 per cent this year, and renters facing annual increases of over 11 per cent. In addition to the affordability crisis, we also have a persistent homelessness crisis, with the number of people accessing emergency homeless accommodation exceeding 10,500 in July 2022.
To begin to address this challenge, Government must set a target of social housing stock that is 20 per cent of the overall housing stock by 2030. To achieve this Government must double its Housing for All targets for social housing in Budget 2023 at an additional cost of €1.4bn.
With over 60,000 social housing tenants renting from the private rented sector, the most logical solution would be to invest in scaling up the provision of social housing, thereby making private rental properties available for tenants. This would not only have a positive impact on rent costs, but would be more cost-effective to the State in the medium to long term.
In addition, the Help to Buy Scheme, which is contributing to the affordability crisis by keeping prices artificially high should be wound down, and the €200m saving invested in Housing First for Families.