Local Infrastructure Housing Activation Fund announced
The Government has announced the Local Infrastructure Housing Activation Fund (LIHAF), as part of the Rebuilding Ireland programme, with the approval for 34 public infrastructure projects across 15 Local Authority areas, €226 million for strategic infrastructure and 23,000 homes by 2021.
The Government has recognised that to address the severe shortage of housing in the current market, there is an urgent need for an initiative to remove the infrastructural blockages to increase housing supply.
The Local Infrastructure Housing Activation Fund (LIHAF) is a key element of Pillar 3 of ‘Rebuilding Ireland: An Action Plan for Housing & Homelessness’, the Government’s programme to respond to the country’s housing needs. The objective of the fund is to provide public off-site infrastructure to relieve critical infrastructure blockages. This will enable the accelerated delivery of housing on key development sites in Dublin and in other urban areas of high demand for housing.
The call for proposals for the €200 million fund was announced in August 2016. Of this fund, €150 million will be provided by the Exchequer over the period 2017 to 2019 with a contribution of €50 million from local authorities. It was open to all local authorities to apply for funding towards the capital cost of the infrastructure, which when provided, would secure the early delivery of additional affordable housing, in excess of 500 units in the Dublin area or in excess of 200 units in areas outside Dublin.
The proposals that are being announced have potential to deliver almost 23,000 housing units across the country associated with the public infrastructure being provided under LIHAF by 2021. There is also further potential for approximately 46,000 additional housing units on these 34 sites in the longer term, bringing the projected yield up to 69,000 homes once they are fully built out.
In the Dublin area, up to 14,000 additional housing units will be provided up to 2021 with a long term potential yield of over 37,000. In Cork, over 3,000 housing units will be provided up to 2021 with a long term potential yield of almost 10,000 housing units.
The funded projects that can deliver the highest housing returns in the Dublin region include:
• Dodder Bridge (€15.75 million, supporting 1,500 units by 2021) – The Dodder Bridge in Dublin will be a public transport bridge linking Britain Quay on the South Quays with York Road and the Poolbeg peninsula close to the Tom Clarke Bridge at Ringsend.
• Cherrywood (€15.9 million, supporting 2,000 units by 2021) – Infrastructure projects are centred around the construction of the Druid’s Glen Road and bridge which will improve access to the area.
• Donabate Distributor Road (€15.5 million, supporting 1,200 units by 2021) – This will see the construction of a road and a bridge over the Dublin to Belfast railway line in the north of Dublin.
• Belmayne, Clongriffin, Baldoyle, Stapolin (€9.2 million, supporting 2,100 units by 2021) – This will relate to distributor road construction, local road upgrades, parks and wetlands provision.
The full list of projects and their potential contribution to housing delivery is set out here.