THE Limerick Regeneration Agency is to get government funding of €28 million this year, it has emerged.
Half of the funding will be spent on providing social housing in Limerick City along with counties Limerick and Clare for families being relocated from large urban areas such as Moyross, Southill, St Mary’s Park and Ballinacurra Weston.
Limerick City Council will get e7m, Limerick County Council e5m and Clare County Council e2m. However, it is envisaged the regeneration plan to demolish 4,800 houses in Limerick’s crime blackspots will need a total state investment of more than e1.6 billion over the next eight to 10 years along with private sector investment of e1.4bn.
Over 100 houses have already been demolished in some of the estates designated for regeneration.
Clare County Council, meanwhile, will now have to embark on a social housing programme for families who will be moved across the boundary of Limerick city.
However, public representatives in the county have voiced strong opposition to families being moved from trouble spots into Clare.
Meanwhile, the Regeneration Agency said it is confident the necessary funding will be forthcoming to enable the huge programme to be undertaken.
As there will be planning issues to be dealt with over the coming 12 months, the agency said it will not be requiring huge funding for the next year or so.