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THE LATEST National Housing Survey has found that although 701 developments have been completed over the past year, more than 2,000 remain unfinished.
Of the 2,876 developments inspected in the survey, 2,066 are still unfinished and almost 90 per cent of those were mainly inactive sites at the time of the inspection.
A total of 17,872 dwellings surveyed are listed as being at a further stage of completion, while about half of those are described as being nearly complete.
The survey found a 20 per cent reduction in houses listed as complete and vacant, in comparison with the 23,250 recorded as such last year.
Launching the report today, Minister for Housing and Planning Willie Penrose said that the survey shows a significant reduction in construction activity in 2011 since last year, with 43 per cent fewer active sites this year.
Penrose said that there is no magic wand to solve the problem and that although he has seen improvements in the level of engagement between developers, local authorities, residents, financial institutions and the department under the National Coordinating Committee, much remains to be done, and “the problem would be around for some years to come”.
Penrose also launched a guide for residents of unfinished estates and a Stakeholders Code of Practice to be applied by developers, financial institutions, NAMA, local authorities and residents for working together on resolving unfinished developments.
The guide for residents advises residents that “the developer or owner of a housing developer, or a receiver appointed by a financial institution” is responsible for it until it is taken over by a local authority or a private management company. It also encourages residents to set up a committee to help identify and prioritise issues at the estate.
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Gotta love the way they’re so considerate of taxpayer’s money when it’s not bankers they’re giving it to!!
“MFI was established to provide additional lending to start-up , newly established or growing microenterprises with loans of between €2,000 and €25,000 available and the department said that the average size of a loan under the scheme is €16,000.”
A € 2000 loan? That wouldn’t cover the bar tab at the Dail for one TD.
Some individuals would get money far easier from a relieving officer, and with less B.S
Indeed.
But these ‘schemes’ are all about propaganda for government & the self serving elites to make it look that they are doing something & care. It also serves to distract attention from the one thing that all businesses need & from which all else follows (including necessary finance) – customers.
They want to distract from this business 101 reality because increasing customers with money (sales) in the +macro+ economy is precisely the opposite effect of the Eurozone wide austerity policy.
Termed the ‘paradox of thrift’ principle, after Keynes in the 1920s & following the proven empirical truth of it obvious to all by the exact same austerity ‘mistake’ of the 1930s, no one would dare to ignore it in the 50 years that followed. (‘Mistake’ that is for the majority, of course, not the elite few who profit just as much from recession.)
Unfortunately, following the efforts of elites to deny the very basis of macro economics of the last 30 years, in order to deny much any role for government, we see exactly the same unnecessary recession/depression & mass unemployment resulting again as happened following the Finance sector rigged casino/pyramid crash as 80 years ago.
The Euro currency system itself has been designed to effectively deny any stabilising counter cyclical role for governments. Such is the level of ‘capture’ of mainstream economics, politics & media that even now, after 6 years & conditions in the Euro zone still getting worse, most are still in denial.
They couldn’t approve anything because the lads controlling the money hadn’t got the whiteboard training, the chalk they were using was completely ineffective on it! You wait and see next year though!
The interest rates on these loans are also nuts. I considered it for my business but there’s no point with insane interest rates.
Better off going on dragons den, then dealing with them shower of donkeys
Pity the question did not also ask how many civil servants are involved in the admin of the scheme how much their salaries are and office expenses etc. that’s the only real jobs created and they are non productive and a drain on public finances. Another smokescreen created by our political system and permanent government our civil servants who only really create jobs for themselves.
Should the money just be in a bag in brutons desk or something ?
@Michelle Hennessey: What more enlightening would be how many loan applications there were. What would therefore be the success rate? How long from application to decision?
The success of the agency is how does it compare to the banks?
Does the agency have info as to how many of the applications were previously denied by a bank?
Your article as it is does not tell us much.
If all that information was included, the story might be too positive. It is designed, like most news here, to provoke negative reactions from readers and gain more page views (and thus advertising revenue).
The headline could easily have read “216 jobs supported by government scheme for small businesses” but that might have seemed to positive.
Ryan: I agree. Maybe we should be asking Michelle as to how much more of that info she has and decided to leave out of the article to make it more sensational.
Seems that 90 loans were approved, which amounts to 45% of applications, giving you a grand total of 200 applications with 110 refused (55%). And an average of 9 loans per month approved with 11 loans per months rejected over the past 10 months since the scheme was implemented.
I wonder how many people work in the department where all of this occurs. Dealing with 20 loans applications a month is obviously no more than a two person job.
@alan one of the qualifications of the microfinance scheme is that you have been denied a loan from your bank. The percentages pretty much show that just over half the applicants were succesful. Which shows a very poor amount of businesses applying. Why is that I would ask. As a start up business myself the terms arent suitable so I havent bothered.
This isn’t government’s role, this is a function of our banks
Is there any difference between the two lately?
Other than that the banks tell the government what to do I don’t think there’s any differences at all!
Could I get a loan to start a small company promoting this scheme on behalf of Gov. or do I need to be a member of FG. or Lab. party first?
It’s all banking money anyway so as long as its theirs they will be reluctant to part with it.
I remember something about a five year plan and 100,000 oh yeah something about ” vote yes to Lisbon is a vote for jobs” and people who can create jobs can’t get loans ?
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