The €150m (£111m) funding by the European Investment Bank (EIB) will be matched by the Housing Finance Agency (HFA) to provide €300m (£222m). The money will be made available for lending to support investment by approved housing bodies across the country to upgrade social housing and improve energy efficiency.
Environment minister Alan Kelly said: “This will give housing bodies access to finance at very competitive rates and facilitate quicker deliver of approximately 2,000 additional social housing units. Government is committed to ensuring that financially sustainable mechanisms are in place that can meet both current and future demand for social housing and ensure value for money for taxpayers."
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