EIB to invest €200m in housing

Ireland is to receive around €200m with which to build social housing next year from the European Investment Bank (EIB).

Thousands of houses are set to be built across the country using the off- balance sheet financing and the bank has committed to allocating similar amounts over the next decade if the first round of funding is successful.

It comes ahead of the publication of the Government’s rental plan, which is due to be released by Housing Minister Simon Coveney next week.