MINISTER for Housing and Planning, Jan O’Sullivan has announced the investment of almost €32 million in housing and regeneration projects across Limerick City for 2012.
“This is a major investment and one which demonstrates my own and the Government’s strong and growing commitment to Limerick City. Limerick plays an important role in the mid-west region, and I am making it a priority during my time as Minister to ensure that Limerick has the resources to maximise its contribution in the region” the Minister said.
Regeneration remains the priority work area for the city, and this is reflected in the allocation with funding of €27.5 million being set aside for the regeneration programme in 2012.
This represents over 30% of the total national investment in regeneration and demonstrates the ongoing Government commitment to improving the lives of those living in disadvantaged communities across Limerick.
The Minster also announced funding of €3.6 million for housing supply which will support a number of projects currently underway as well as some strategic purchases to meet housing need.
In addition, funding of €675,000 has been set aside for the improvement of the City Council’s own social housing stock. This funding is exclusively for units outside of the regeneration areas, which will also see some refurbishment projects over the year.
The 2012 improvement works programme will focus on returning vacant properties to a lettable standard and to reduce housing need, while also improving the energy efficiency of units to address energy affordability and fuel poverty.