19 Dec 2024
Northern Ireland's Finance Minister, Dr Caoimhe Archibald has presented the Executive’s Draft Budget launching a 12-week consultation giving the public the opportunity to have their say: https://www.finance-ni.gov.uk/news/executive-agrees-2025-26-draft-budget
Justin Cartwright, national director at Chartered Institute of Housing (CIH) Northern Ireland responded to the draft budget, which includes the pledge of £100 million earmarked for social housing, saying:
"We welcome the allocation of £270 million in capital funding to the Department for Communities in the 2025/26 budget. This significant investment provides a crucial foundation for increased new social housing provision, addressing the urgent need for affordable homes across Northern Ireland.
"While challenges remain, this funding presents a valuable opportunity to build upon the progress made this year. The increased allocation compared to the initial 2024/25 allocation demonstrates a commitment to tackling the housing crisis.
"We call for this investment to be focused on delivering high-quality, energy-efficient homes that meet the needs of diverse communities."
CIH Northern Ireland will be submitting its full response to the open consultation in advance of the 13 March 2025 deadline.