RTE has reported that grants for renovating vacant homes in Ireland are set to be increased under plans proposed by Minister for Housing Darragh O’Brien. The move aims to address the rising cost of building materials and will be funded from the existing housing budget. Currently, property owners can qualify for a €30,000 grant to refurbish a vacant home, while a €50,000 grant is available for derelict properties.
From May, the grant scheme will be expanded to include homes built before 2007, instead of the current cutoff of 1993. Long-term rental properties will also become eligible for grants, whereas the current scheme only covers owner-occupied homes. Social Democrats’ spokesperson on housing Cian O’Callaghan described the move as a minor change to eligibility and means, emphasizing the need for an effective vacant home tax.
Minister O’Brien also indicated that the government is working on measures to encourage developers to build more cost-rental properties, as interest rate rises have created financing issues for such projects.