Councils will be under ‘Damocles sword’ to use €1bn housing fund before it is withdrawn (opens original article in a new tab)

Local authorities in Ireland face a 'Damocles sword' to quickly use a €1bn housing fund or risk losing it, as the government aims to build 86,000 new homes through infrastructure projects before 2030.

• Local authorities face pressure to use €1bn housing fund before it is withdrawn if projects are delayed
• Minister for Housing James Browne states funding may be reassigned if projects do not progress quickly
• Government claims 86,000 new homes will be directly built through selected infrastructure projects
• Projects include road, electricity, and water developments aimed at unlocking land for housing