Debate contribution: Housing Executive: Investment
Debate contribution by Mr Gordon Lyons on .
- MLA
- Mr Gordon Lyons
- Party at the time
- Democratic Unionist Party
- Date
- 12 March 2024
- Type
- Debate contribution (made as a minister)
- Business
- Oral Answers to Questions
- Heading
- Housing Executive: Investment
- Assembly identifier
- Official Report component 4266900
Read the official Assembly record
Text
The short answer is, "A lot". The Housing Executive faces significant investment challenges. The 30-year requirement was updated via a stock validation report in 2021 and estimated to be £10·3 billion at 2022 prices. That reflects the cost to address the backlog in maintenance, ongoing stock maintenance and investment and the costs associated with decarbonisation and retrofitting. An outline business case has been developed that identifies a preferred option to tackle the significant investment challenge and to put the Northern Ireland Housing Executive on to a sustainable footing. Officials are in the process of testing the assumptions made in the outline business case and around access to borrowing.
108 words. Text as published by the Northern Ireland Assembly.
Assessment
Awaiting analysis
This record has not been analysed yet. It is not counted in any total until it has been assessed.
Disagree with this assessment?
Classifications can be challenged. A person reviews every challenge, and any change is recorded publicly above with its reason.