Budget 2021

Budget 2021 had some details around Housing in general but disappointingly nothing specific to the private rental sector other than additional funding for the RTB and for Local Authority inspections.

Announced were:-

  • €3.3 billion spend in housing – 24% increase on 2020
  • Increase funding to €21 million for the Residential Tenancies Board and Local Authority rental inspections and to implement reforms for the short-term letting sector
  • 12,750 new homes will be added to the available supply of social housing through build, acquisition and long-term leasing
  • Support for local authorities and Approved Housing Bodies to deliver 9,500 new build homes in 2021.
  • Range of affordability measures including €110 million for a new Affordable Purchase Shared Equity Scheme for first time buyers and a new cost rental model
  • €218 million (€166 million in budget 2020) to ensure those experiencing homelessness are supported and helped to exit homelessness.
  • €65 million for energy efficiency improvements to social housing homes
  • €60 million to adapt the homes of people with a disability
  • €150 million for the Urban Regeneration and Development Fund (URDF)
  • Help-to-Buy Scheme for first time buyers has been extended to the end of 2021


More details on the budget can be accessed Here.

Categories: News.