Budget 2027 Will Build More Homes for Young People and Families in Cork

Budget 2027 will deliver €9.4bn to build more homes and the infrastructure a growing Cork needs,  Cork North West Fine Gael TD John Paul O’Shea has said.

Deputy O’Shea said the allocation announced today by Fine Gael leader, Tánaiste and Minister for Finance Simon Harris will continue to increase housing supply and includes €5.6bn in capital funding to continue current momentum.

“The Irish economy is strong, and we need to make sure people in Cork feel that in their everyday lives. For young people and families, it starts with a home of their own,” Deputy O’Shea said.

The budget provides €3bn for social housing delivery, including 11,250 new build social homes. More than €1 billion will go towards delivering thousands of starter homes through a range of affordability supports, alongside the Help to Buy initiative.

A further €225 million will go to the Housing Infrastructure Investment Fund, and €350 million to the regeneration of urban areas. The Towns and Cities Regeneration Investment Fund will support a programme of investment in every local authority in the State.

“Fine Gael’s message is Build More, Deliver Better. We are removing the barriers that stand in the way of building the homes people need, with faster delivery, less bureaucracy and better value for every euro,” Deputy O’Shea said.

€2.2 billion will continue to support the social housing needs of 110,000 households, and over €360 million will address specific housing needs, including adaptation grants and the retrofitting of additional social homes. Emergency supports for people facing homelessness will continue, with targeted supports for families.

“We want people in Cork who work hard to get ahead, not just get by. For too many young people, the lack of supply has made owning their own home feel out of reach,” Deputy O’Shea said.

“We will do this in a responsible way that protects the public finances for the longer term. Fine Gael is building more and delivering better.”