€8,889,180 in Vacant Property Grants awarded in Cavan and Monaghan, with 602 applications approved to turn Derelict Building into new homes
Deputy Brendan Smith, Fianna Fáil TD for Cavan-Monaghan, has stated that “todays Vacant Property Refurbishment Grant Figures are “proof that the grant is breathing life back into vacant and derelict buildings and turning them into homes. It’s a smart lever that’s quietly adding real housing supply across Ireland.”
New figures from the Department of Housing show that Cavan and Monsghan received 793 applications for the Vacant Property Refurbishment Grant in the first half of the year with 602 approved and €8,889,180 worth of grants paid out after works were completed. Nationally, over €155.2 million has been issued to date, bringing 2,856 vacant homes back into use. Since the scheme began, nearly 10,000 applications have been approved across the country.
Speaking on the statistics Deputy Smith said, “This grant shows Fianna Fáil’s and Minister Browne’s strategic approach to housing is hitting two birds with one stone by breathing life back into towns and villages while boosting housing supply. One scheme, double the impact.
“Tackling the housing crisis means using every tool available. Creative schemes like this help us unlock new supply across the country. Increasing supply is the solution, and that’s exactly what we’re doing.”
The Vacant Property Refurbishment Grant offers up to €50,000, or up to €70,000 for derelict properties, to help renovate vacant homes for private use or rental. Funded by the Department of Housing through the Croí Cónaithe scheme, it’s available through your local authority.
Deputy Smith added: “We need to double down on what’s working and keep every option on the table. In just the first half of this year, we’ve introduced a wave of new legislation aimed at unlocking even more housing supply.”
“Every home brought back into use adds to the supply. That’s the focus, increasing housing supply, step by step, house by house.”
