Councils Explore New Approaches to Address the Housing Crisis in Ireland
Dublin: In response to Ireland’s escalating housing crisis, county councils and housing experts are exploring the potential of repurposing vacant shop units and similar spaces into residential homes. However, this endeavour poses significant challenges in terms of cost and time.
Simon community recently conducted a study to assess the feasibility of such initiatives. The study revealed that refurbishing these properties often incurs higher costs compared to constructing new ones. Nevertheless, some councils, such as Waterford, have successfully implemented repair and leasing schemes to assist building owners in renovating vacant structures.
Drawing from these successful models, the study suggests that more counties and governmental bodies could experiment with similar programmes to gauge their efficacy. However, it emphasises that such schemes should be viewed as part of a multifaceted approach to address the housing crisis rather than a standalone solution.
Ireland boasts numerous vacant spaces above shop units, yet their classification as either residential or commercial complicates their repurposing. Several existing schemes aim to facilitate the conversion of these spaces into residential units, including the Living City Initiative and the Repair and Leasing Scheme.
The conversion process entails various construction tasks, from rewiring to fireproofing, all of which entail significant expenses. Securing financing for such projects can be challenging, as obtaining a mortgage for a shop unit may prove difficult. While loans and grants may be available post-renovation, sourcing upfront funding remains a risky endeavour.
Moreover, compliance with current building standards and regulations prolongs construction timelines. Additionally, finding skilled professionals to execute tasks related to security, fire safety, disability access, and retrofitting proves challenging, even for individuals with expertise in architecture and construction.
The study underscores that not all vacant properties are suitable for residential conversion, and the cost of repurposing suitable ones may be prohibitive. To support these innovative endeavours, the government and other stakeholders must explore avenues for assistance. Despite the challenges, utilising existing buildings, even after renovation, offers environmental benefits.
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