<h2 class="p" style="margin: 0px 0px 10px; padding: 0px;">
	<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="font-weight: normal; line-height: 17.99715805053711px;">A SCHEME aimed at providing new homes for people on low or middle incomes is no longer &quot;fit for purpose&quot;, a major report says.</span></font></h2>
<div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;">Just over 15,000 houses and apartments &ndash; a paltry 3.8pc of the total number of homes built between 2002 and 2011 &ndash; were provided to local authorities under the controversial Part V legislation, a report for the Department of the Environment says.</span></font></div>
	<div>
		&nbsp;</div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;">The scheme was supposed to deliver up to 20pc of all properties in a development for social and affordable housing, but just a fraction of those numbers were delivered.</span></font></div>
	<div>
		&nbsp;</div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;">Developers gave &euro;136m to councils in lieu of units, often because they didn&#39;t want to deter private buyers from purchasing homes in developments that had social or affordable units.</span></font></div>
	<div>
		&nbsp;</div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;">The report was prepared for the Housing Agency and will be published today.</span></font></div>
	<div>
		&nbsp;</div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;">&quot;The review of Part V identifies that it is no longer fit for its original purpose,&quot; the report says. The report says the Part V process was &quot;generally perceived&quot; as &quot;inefficient&quot;. While it did provide value for money, saving the State &euro;614m, it resulted in a &quot;limited number&quot; of units.</span></font></div>
	<div>
		&nbsp;</div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;">The report says the Government could consider abolishing Part V, or amending it.</span></font></div>
	<div>
		&nbsp;</div>
	<div>
		<font face="Trebuchet MS, Helvetica Neue, Helvetica, sans-serif" size="2"><span style="line-height: 17.99715805053711px;"><a href="http://www.independent.ie/irish-news/social-housing-scheme-no-longer-fit-for-purpose-29457995.html">http://www.independent.ie/irish-news/social-housing-scheme-no-longer-fit-for-purpose-29457995.html</a></span></font></div>
</div>
<p>
	&nbsp;</p>
