Government Launches 2025-2030 Housing Strategy with €9bn Budget 2026 Allocation
Tuesday 30 June 2026
The Irish government has launched 'Delivering Homes, Building Communities', an action plan targeting 300,000 new homes by 2030, supported by over €9 billion in capital funding from Budget 2026.
The Irish government has launched a housing strategy aiming to deliver 300,000 new homes by 2030, supported by €9 billion in Budget 2026 funding.
Under the newly announced strategy, titled *'Delivering Homes, Building Communities: An Action Plan on Housing Supply and Targeting Homelessness 2025-2030'*, the State's target includes the delivery of 72,000 social housing units and 90,000 starter homes. Minister James Browne TD described the overall housebuilding target as ambitious yet feasible.
To finance the strategy, Budget 2026 allocates over €9 billion in capital funding for housing. This package comprises €5.19 billion directly from the exchequer alongside targeted investment delivered through the Land Development Agency (LDA) and the Housing Finance Agency (HFA).
Key tax and financial incentives introduced under the plan include:
- Reducing VAT on completed apartments from 13.5% to 9%.
- A 125% corporation tax deduction for construction costs.
- Allocating €2.9 billion specifically to build 10,200 new social homes.
To address the state's estimated 20,000 derelict buildings, the government will introduce a Derelict Property Tax. Additionally, a new 'housing activation office' will be established to identify and resolve development blockages. These measures sit within a wider long-term policy framework outlining €275 billion in total infrastructure investment over the next decade.