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British-Irish Council: Housing

Part of Ministerial Statement – in the Northern Ireland Assembly at 10:30 am on 19th January 2016.

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Photo of Lord Maurice Morrow Lord Maurice Morrow DUP 10:30 am, 19th January 2016

I thank my colleague for her good wishes. I deeply appreciate them.

Yes, I did not attend the meeting, but I understand that a number of factors, including the global economic downturn, significantly reduced capital budgets and a rapidly contracted development industry, have had a major negative impact on the housing market, particularly the supply of new homes. Governments across all BIC member Administrations have been required to develop policies to address the deficit in housing supply across all tenures and to help all housing providers across new and alternative funding streams. I hope that that adequately answers the Member's question. However, following this, we will have a look at it, and if there is something that we feel that we need to add, we will write to the Member.