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For Written Answer on : 23/07/2024
Question Number(s): 1090 Question Reference(s): 32084/24
Department: Housing, Local Government and Heritage
Asked by: David Stanton T.D.
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QUESTION
To ask the Minister for Housing; Local Government and Heritage when he expects the next call for the urban regeneration and development fund will be made; and if he will make a statement on the matter.
REPLY
A flagship element of Project Ireland 2040, the Urban Regeneration and Development Fund (URDF) was one of four new funds established under the National Development Plan (NDP) 2018 – 2027. Launched in 2018 with committed Exchequer funding of €2 billion the review of the NDP in 2021 extended the URDF to 2030.
To date, there have been three rounds of funding provided under the URDF with more than €1.9 billion allocated so far. While Call 1 and 2 was for specific proposals, the latest round of funding (Call 3) is supporting a programme of acquisitions in each local authority to address long term vacancy and dereliction. Under Call 1 and Call 2 there were 132 proposals, comprising of almost 400 projects, approved for funding.
Subject to additional funding being made available, it is intended to launch a fourth round of funding support in 2024.
