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23/09/2014

SF Calls For The State To Invest In Housing

Sinn Féin is demanding a "significant long term investment" by the state to build new homes.

The party also launched a motion which calls on the government to introduce a suite of measures to tackle the crisis including a 1 billion euro house building programme, rent controls, Local Authority trusts and a deposit retention scheme.

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Sinn Féin Housing spokesperson Dessie Ellis TD said: "We have identified 1 billion euro of the Strategic Investment Fund which we believe should be put into use immediately to build 6600 homes for those in need.

"This would only require a simply change to legislation to make the fund accessible for social investment.

"Constructing 6600 new homes will create thousands of jobs, increase vat revenue, drive down rents and house many thousands of people currently in cramped subsidised private accommodation or in emergency accommodation.

"If 6600 people were taken off Rent Supplement from this investment it would save 148 million euro over 5 years."

(CD/IT)

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