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Dáil
‹ Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation

Apple tax windfall for housing

Summary

Deputy Duffy urges that part of the Apple tax proceeds be used for additional housing investment. The Minister thanks him, says further capital funding is being sought in the budget, and notes that any extra allocation will be decided by Government.

I congratulate the Minister on the work he and his Department are doing in housing in the country and in reaching targets we have set in the programme for Government. However, as the State is due to receive more than €14 billion in unpaid tax from Apple, and as discussions are going on with where to invest these funds, we can all agree in the Chamber that it is imperative that some of this money goes into housing. The Green Party is proposing an extra €2 billion goes on top of current housing expenditure to allow for the increased delivery of social and affordable cost-rental housing, which would hopefully, going forward, meet the demand considering the projected population increases and, importantly, resolve the supply deficit we inherited. While an additional €2 billion is not much from the €14 billion from the Exchequer, will he consider that investment?

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I thank the Deputy for his kind words and for all the work he has been engaged with in the past four years in the Oireachtas joint committee and as a colleague of mine in implementing Government housing policy. We have been able to make progress. We still have a lot of work to do and challenges remain. The Deputy has seen from the three party leaders that in relation to any additional capital allocations, there is the budget first. Certainly, I am seeking additional capital funding for 2025 in the budget.

The additional moneys are a matter the Government will discuss and decide on as a whole, but I expect additional investment. We are investing €5.1 billion this year, which is the largest amount we have ever invested in housing. I expect additional funding to be allocated to infrastructure, of which housing, obviously, is a crucially important part. I welcome the Deputy’s support on that.

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