Search Results for 'Economy'

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Dillon urges Minister to secure an affordable housing scheme for Mayo

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Affordability of housing in Mayo is now at a crisis point, Mayo Fine Gael TD Alan Dillon highlighted during ministerial questioning in the Dáil. Deputy Dillon expressed disappointment that Mayo County Council has been excluded from the national affordable housing five-year delivery targets despite the problems that exist. At present no scheme has been approved to provide affordable housing in the county and this is having a negative impact on future economic development in the county. "There is a shortage of affordable homes to rent or purchase in parts of the county, especially in towns such as Westport, Castlebar and Ballina." Minister for Housing Darragh O'Brien explained an identified level of affordable housing need arises where, of the projected housing need in the county, more than five per cent of new households would not qualify. "The level of affordability constrained need in Mayo is assessed at below five per cent. I understand there are localised affordability issues, particularly in Westport and also potentially in Ballina. We are happy to consider those issues. Where local authorities have localised affordability measures, as is the case in the two towns in question, they can still apply to the Department for funding to develop affordable housing schemes if they can demonstrate that an affordable scheme is needed to address those localised affordability challenges and they can meet the criteria for the fund. I am confident that can be done. As regards Mayo in particular, in June 2021 a scheme was submitted for 25 homes in Westport under the previous fund, namely, the Serviced Sites Fund. We have told Mayo County Council that it can resubmit that to the new fund and I understand work is ongoing between my Department and the council on that." Minister O’Brien informed Deputy Dillon of KPMG’s ongoing work for Mayo County Council on the future analytics side, to prove the affordability constraint in pressure areas within Mayo, and following the conclusion of KPMG work this month his Department has agreed to meet with Mayo County Council in June. Deputy Dillon said Mayo has the fourth-lowest market house price in the country but that is certainly not reflective of the open market price of new-build homes in areas such as Westport, Castlebar and Ballina. Some of these A-rated new premises are on the market for between €270,000 and €350,000. He said: "I am delighted to see Mayo County Council has been proactive. It reached out to the public in Mayo, seeking information to understand better the demand for affordable housing, including locations of choice and the affordability constraints of potential applicants. The threshold for social housing in Mayo is €25,000. Many people are above that threshold but caught within the squeezed-middle bracket. It is important that we respond to these pressure areas. Mayo has significant issues in respect of vacancy and dereliction. Increasing housing supply in the area would be an important step forward."

Industry welcomes formal extension of reduced VAT rates

Ibec, the group that represents Irish business, has welcomed the announcement from Government today of an extension of the nine percent VAT rate for those operating in the Experience Economy.

Importance of trust in buying and financing a used motor vehicle

Buying a used car is a significant financial decision in anyone’s life, so choosing a trusted dealer is as important as selecting the right car and according to research conducted by the AA, consumers actually rate trust in the dealer ahead of price when it comes to buying a used car.

Employment Rights Explained

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Over recent years the way we work has changed dramatically. More of us now work remotely, or have a hybrid mix of work, while others have now returned to the office.

Concerns raised over Greenway CPO strategy

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Compulsory Purchase Orders will form part of the land acquisition strategy to further develop Greenway routes in Mayo, wherever landowners may not be agreeable to granting access - according to Paul Hyland, Senior Executive of Mayo County Council National Roads Office.

ALONE calls for more Government intervention to protect older people from the ravages of inflation

ALONE, the organisation that supports older people to age at home, has called on the government for a pandemic-like response to alleviate the rising cost of living to help those in greatest need.

Continuing house price increases may not be sustained in current environment– Brokers Ireland

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As house prices continue to escalate with the recent CSO House Price Index showing an annual increase in February of 16.8 per cent for properties outside Dublin and 13.5 per cent in Dublin, Brokers Ireland has said the market is almost back to the level house prices reached at peak in 2007 - with prices outside of Dublin just 3.9 per cent short of where they were then - and Dublin just over 10per cent behind peak.

More than half of employees do not claim their taxes back annually

More than five in 10 people do not claim the tax reliefs and refunds they are owed on a yearly basis.

Mortgage switching activity increases sharply year on year

Ireland’s mortgage switching market is exploding and not ahead of time - this is according to MyMortgages.ie, the online mortgage brokers who are reporting a 39 percent increase in their own levels of switching activity between March 2021 and March 2022.

Choose Galway social enterprises when you can

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Did you know that in Galway you can get your bike fixed AND help your community? You can also dump your mattress, learn to walk a tightrope, rent a community space, even listen to the radio while at the same time help your community, the environment and disadvantaged groups in Galway.

 

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