Menu
01/09/2009
£92m Fall In Housing Executive Sales
There has been a major drop in sales of public housing across NI.
The Northern Ireland Housing Executive has seen a £92m fall in revenue generated from house and land sales in the last three years.
Acknowledging a challenging year ahead, Chairman Brian Rowntree said his organisation would continue to work with the Department of Social Development to limit the impact on tenants.
He said: "The year saw the Housing Executive's income from house and land sales fall from over £100m in 2006/07 to just over £8m.
"This money had been crucial in funding a range of housing programmes in the public and private sector .
"Without this income over recent years we would never have been successful in providing new housing, reducing unfitness to 3.4% or improving the living standards of our 90,000 tenants," he said.
Mr Rowntree said vital housing programmes have had to be prioritised, with some planned work to provide and improve housing not being carried out as "quickly as had been planned".
"However, as we publish our annual report there are the first signs that the housing market in Northern Ireland may be stabilising with an increase in housing market activity," he said.
"We will, nevertheless, take the opportunity to look at our services and programmes of work and adapt to developments in the housing market, including the private rented sector."
NI Social Development Minister Margaret Ritchie said: "Housing is my first priority and whilst the shortfall in the housing budget this year has impacted on all spending programmes.
"I am determined to protect the most vulnerable households by ring fencing budgets for new build social housing to provide new homes for those in housing stress."
(PR/BMcC)
The Northern Ireland Housing Executive has seen a £92m fall in revenue generated from house and land sales in the last three years.
Acknowledging a challenging year ahead, Chairman Brian Rowntree said his organisation would continue to work with the Department of Social Development to limit the impact on tenants.
He said: "The year saw the Housing Executive's income from house and land sales fall from over £100m in 2006/07 to just over £8m.
"This money had been crucial in funding a range of housing programmes in the public and private sector .
"Without this income over recent years we would never have been successful in providing new housing, reducing unfitness to 3.4% or improving the living standards of our 90,000 tenants," he said.
Mr Rowntree said vital housing programmes have had to be prioritised, with some planned work to provide and improve housing not being carried out as "quickly as had been planned".
"However, as we publish our annual report there are the first signs that the housing market in Northern Ireland may be stabilising with an increase in housing market activity," he said.
"We will, nevertheless, take the opportunity to look at our services and programmes of work and adapt to developments in the housing market, including the private rented sector."
NI Social Development Minister Margaret Ritchie said: "Housing is my first priority and whilst the shortfall in the housing budget this year has impacted on all spending programmes.
"I am determined to protect the most vulnerable households by ring fencing budgets for new build social housing to provide new homes for those in housing stress."
(PR/BMcC)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
24 October 2011
NI Social Housing Secures £65m Boost
Social housing in Northern Ireland is set to benefit from a £65m boost as a result of a funding partnership between Clanmil Housing and Northern Bank.
NI Social Housing Secures £65m Boost
Social housing in Northern Ireland is set to benefit from a £65m boost as a result of a funding partnership between Clanmil Housing and Northern Bank.
07 July 2011
Builders Get Major House Building Boost
A substantial Co Antrim housing scheme has been launched this week proving much needed good news for the beleaguered construction sector. Stormont Social Development Minister Nelson McCausland has officially started the new £18.5m family housing development in Lisburn.
Builders Get Major House Building Boost
A substantial Co Antrim housing scheme has been launched this week proving much needed good news for the beleaguered construction sector. Stormont Social Development Minister Nelson McCausland has officially started the new £18.5m family housing development in Lisburn.
05 March 2010
Housing Association Achieves Excellence
One of Northern Ireland's largest housing associations has been presented with its Customer Service Excellence Standard. Helm Housing (previously BIH Housing) is the first housing association in Northern Ireland to achieve this accolade, which was presented by Minister for Social Development, Margaret Ritchie.
Housing Association Achieves Excellence
One of Northern Ireland's largest housing associations has been presented with its Customer Service Excellence Standard. Helm Housing (previously BIH Housing) is the first housing association in Northern Ireland to achieve this accolade, which was presented by Minister for Social Development, Margaret Ritchie.
20 August 2019
NI Sights Showcased To Global Travel Brands
Local tourism, hospitality and entertainment facilities are being showcased to sales teams from across the globe this week as The Travel Corporation (TTC) brings its conference to Belfast.
NI Sights Showcased To Global Travel Brands
Local tourism, hospitality and entertainment facilities are being showcased to sales teams from across the globe this week as The Travel Corporation (TTC) brings its conference to Belfast.
24 May 2010
Conference Addresses NI Housing Needs
The construction of many hundreds more houses is on the agenda for Northern Ireland. That's according to the NI Social Development Minister Margaret Ritchie who has been speaking about the challenges and opportunities facing local housing associations during a conference hosted by the University of Ulster.
Conference Addresses NI Housing Needs
The construction of many hundreds more houses is on the agenda for Northern Ireland. That's according to the NI Social Development Minister Margaret Ritchie who has been speaking about the challenges and opportunities facing local housing associations during a conference hosted by the University of Ulster.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
