Social housingbuilding on £1bneconomy boost
That was the key message of a new report published by Northern Ireland Federation of Housing Associations.
More than 1,700 new homes are built each year in Northern Ireland by housing associations.
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Hide AdAccording to the ‘Benefits to Society NI’ report, this includes training and employability programmes, investment in housing stock maintenance and repairs, home improvement and disabled facilities grants, as well as community investment and neighbourhood building programmes.
Launching the Benefits to Society NI initiative, which is supported by more than 20 organisations across the housing sector, NIFHA chair, John McPeake, said: “As well as providing more than 130,000 homes, we provide care and support services, employ more than 6,000 people, and build more than 1,700 homes every year, which supports the construction sector and adds more than £1b to the local economy.
“Investment in social housing new build is bringing a return of £2.84 for every £1 invested, which is making public funds go further as well as providing much needed housing across Northern Ireland.”