Housing Related Measures from Budget 2019

€1.25bn allocated for the delivery of 10,000 new social homes through a combination of construction, acquisition and leasing.

An extra €121m for the Housing Assistance Payment (HAP) to provide an additional 16,760 new tenancies next year.

€60m extra in capital funding, much of which will fund additional emergency accommodation and for additional family hubs.

€30m is being provided for homelessness services

€100m for Serviced Sites Fund to support local authorities in bringing forward lands for subsidised, more affordable housing.  This fund will be increased to €310m over three years.  The planned funding is increasing from €20m to €89m, facilitating the delivery of around 6,000 affordable homes over the lifetime of the fund.

Interest relief

The increase in the amount of interest paid in respect of loans used to purchase, improve or repair a residential property that may be deducted by landlords will be accelerated to 100% from 1 January 2019.

There were no changes to the rates of Stamp Duty.

IPAV's Budget 2019 Summary is avaialble here or download below

IPAV's Budget 2019 Press Release is available here or download below