New Housing Strategy leaves vulnerable behind
The Government has published its long-awaited housing strategy – Housing for All – with a budget of €20 billion over the next five years. Housing for All consists of four pathways: Supporting homeownership and increasing affordability; Eradicating homelessness, increasing social housing delivery and supporting social inclusion; Increasing new housing supply; and Addressing vacancy and efficient use of existing stock. There is much to welcome in the Strategy, however fundamental flaws in the targets for social housing and overall construction; a lack of real measures to prevent homelessness; and a continuation of subsidies such as Help to Buy and HAP raise questions as to who will really benefit. Our Review of the Housing for All Strategy is available now.
An equity scheme for Long Term Mortgage Arrears
The Central Bank of Ireland published a series of papers this week on the subject of mortgage arrears. One of these papers 'Long-term mortgage arrears: Analytical evidence for policy considerations' clearly shows that for many mortgage borrowers, the impact of the 2008 financial crash is still being felt. Government needs to invest in equity supports that benefit those who need them most, beginning with those in arrears of more than 10 years in Budget 2022.
Budget 2022 must embrace need for new priorities
Despite significant progress over the past few months, Ireland remains in a period of enormous uncertainty. Optimistic assumptions point towards a rebound in economic activity and employment from late 2021 or early 2022. Conversely, pessimistic assumptions fear ongoing public health related disruptions and a slow emergence from the Covid-19 crisis. Most likely, the reality lies somewhere in between - but there are limited clues as to where.
Government Success Depends on Delivery
The Programme for Government contained several commitments which, if fully resourced and implemented, would represent significant steps towards creating a fairer and more just Ireland. As we emerge into a new post-Covid reality, our latest National Social Monitor looks at whether Government is delivering on its commitments in key areas and suggests that, so far, Government’s achievements are not matching its commitments.