Menu
05/01/2009
NIHE Announces Cut Backs
Northern Ireland's social housing authority has insisted it must 'live within its means' during the ongoing financial crisis, after a projected fall in the value of assets earmarked for sale.
The Housing Executive has insisted the revenue generated from house sales could fall dramatically, with a mere 50 sales of social homes estimated for this year, compared to over 2,000 sold two years ago.
A spokesperson for NIHE said "Last year’s collapse of the housing market and credit crunch has had a major impact on the Housing Executive’s budget and affected the delivery of housing programmes.
"The potential value of Housing Executive assets earmarked for sale has fallen sharply."
The Executive said it would be working closely with the Department for Social Development to keep vital housing schemes on track.
"Efforts have been made to bridge the gap in capital receipts," said the spokesperson.
"In fact, over the year, our projected shortfall has been reduced from some £65m to £35m.
"However, faced with the collapse of land and property values and the consequent reduction in Housing Executive receipts, we as a Public Body, have to continue to live within our means," he added.
The Housing Executive said it is urgently reviewing all its programmes of work including new build, private sector grants, and its improvements and repairs services.
"This review will be completed by early January. As it stands, people in urgent need of housing and people who need better housing will have to wait longer than the Housing Executive would have anticipated," said the spokesperson.
Two years ago the Housing Executive sold 2,201 homes, generating an income of more than £100m. This year the number of house sales will be closer to fifty, according to estimates.
(PR/KMcA)
The Housing Executive has insisted the revenue generated from house sales could fall dramatically, with a mere 50 sales of social homes estimated for this year, compared to over 2,000 sold two years ago.
A spokesperson for NIHE said "Last year’s collapse of the housing market and credit crunch has had a major impact on the Housing Executive’s budget and affected the delivery of housing programmes.
"The potential value of Housing Executive assets earmarked for sale has fallen sharply."
The Executive said it would be working closely with the Department for Social Development to keep vital housing schemes on track.
"Efforts have been made to bridge the gap in capital receipts," said the spokesperson.
"In fact, over the year, our projected shortfall has been reduced from some £65m to £35m.
"However, faced with the collapse of land and property values and the consequent reduction in Housing Executive receipts, we as a Public Body, have to continue to live within our means," he added.
The Housing Executive said it is urgently reviewing all its programmes of work including new build, private sector grants, and its improvements and repairs services.
"This review will be completed by early January. As it stands, people in urgent need of housing and people who need better housing will have to wait longer than the Housing Executive would have anticipated," said the spokesperson.
Two years ago the Housing Executive sold 2,201 homes, generating an income of more than £100m. This year the number of house sales will be closer to fifty, according to estimates.
(PR/KMcA)
Related Northern Ireland News Stories
Click here for the latest headlines.
06 August 2015
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
Crumlin Social Housing Scheme Opened
A new social housing scheme of three and four bedroom houses has been officially opened in Crumlin. The fourteen new homes for families on the social housing waiting list, is owned and managed by Habinteg Housing Association who funded the build, with support from the Department for Social Development.
23 May 2012
Housing Association Asked To Give Public Money Back
A social housing provider has been asked to return £835,000 of public funds after failing to get planning permission on a Co. Down site. Belfast-based Trinity Housing Association bought half an acre of land in Crossgar in 2007, at the height of the property boom.
Housing Association Asked To Give Public Money Back
A social housing provider has been asked to return £835,000 of public funds after failing to get planning permission on a Co. Down site. Belfast-based Trinity Housing Association bought half an acre of land in Crossgar in 2007, at the height of the property boom.
19 August 2024
Frontline Housing Staff Praised For 'Courage And Commitment'
Frontline housing staff have been recognised for their "courage and commitment" in the light of a rise in hate crime attacks, by Communities Minister Gordon Lyons. Minister Lyons visited Northern Ireland Housing Executive (NIHE) staff in Antrim.
Frontline Housing Staff Praised For 'Courage And Commitment'
Frontline housing staff have been recognised for their "courage and commitment" in the light of a rise in hate crime attacks, by Communities Minister Gordon Lyons. Minister Lyons visited Northern Ireland Housing Executive (NIHE) staff in Antrim.
11 December 2001
Dodds announces £4 million housing scheme
The Minister for Social Development Nigel Dodds has unveiled a £4 million housing development which will provide 40 new homes for the people of the New Lodge area in north Belfast.
Dodds announces £4 million housing scheme
The Minister for Social Development Nigel Dodds has unveiled a £4 million housing development which will provide 40 new homes for the people of the New Lodge area in north Belfast.
03 November 2020
Communities Minister Pledges To Revitalise The Housing Executive
NI Communities Minister Carál Ní Chuilín has pledged to revitalise the Housing Executive. In a wide ranging statement to the Assembly she set out her plans to address the significant challenges facing Northern Ireland's housing system. Over the last 18 years successive Executives have invested £2.3billion to build 30,000 new social houses.
Communities Minister Pledges To Revitalise The Housing Executive
NI Communities Minister Carál Ní Chuilín has pledged to revitalise the Housing Executive. In a wide ranging statement to the Assembly she set out her plans to address the significant challenges facing Northern Ireland's housing system. Over the last 18 years successive Executives have invested £2.3billion to build 30,000 new social houses.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
