Private finance will help reduce housing waiting list in Leitrim

The Minister for Housing and Planning, Ms Jan O’Sullivan, last week launched a report which highlights key measures needed to fund successfully the provision of social housing in Leitrim and around Ireland.

The Minister for Housing and Planning, Ms Jan O’Sullivan, last week launched a report which highlights key measures needed to fund successfully the provision of social housing in Leitrim and around Ireland.

The report, which was commissioned by Clúid Housing Association, is entitled; ‘Financing the Irish Social Rented Housing Sector: Lessons from England and Canada’. It looks in detail at both countries, who use private finance to deliver social housing.

Clúid’s Regional Director in County Leitrim, Mick Concannon, said that Clúid is confident that private finance can help to provide homes to people on social housing waiting lists in Leitrim and around the country.

He commented: “We believe that effective regulation is critical to inspiring confidence among private lenders in the housing association sector which will in turn lead to a flow of funds from private funders.”

He concluded: “The significant reduction in Government funding available, has led to housing associations seeking private funding in the form of loans from banks, or the Housing Finance Agency.”