Affordable housing group warns that rate of delivery is in jeopardy

Clúid Housing says funding model will force it into ‘slowing down the signing of contracts to build/buy’ new homes

Brian O'Gorman, chief executive of Cluid Housing: said the way Clúid funds its homes needs to move away from the 100 per cent debt model.

Clúid Housing, one of the biggest annual providers of affordable homes in the state, has warned top civil servants that its rate of housing delivery could grind to a halt by 2024.

In a letter to the Housing for All investment workgroup, Brian O'Gorman, chief executive of Clúid, said many approved housing bodies (AHBs) “will have to reduce their delivery output to ensure financial stability and compliance” in the coming years.

He added the manner ...