Dublin Could Meet 40% Housing Goals With Reuse

Why this is here: The city’s empty buildings require an estimated €2.14 to €2.86 billion in funding to convert into viable housing.

Researchers at the Centre for Public Impact and TransCap Initiative in Ireland found Dublin could meet roughly 40% of its housing targets by converting vacant commercial buildings and flats. The report, commissioned by Dublin City Council, estimates up to 16,000 new homes could result from this adaptive reuse. It argues continual demolition hinders both housing and climate goals.

However, refurbishing these vacant properties requires substantial investment. The report estimates costs between €2.14 to €2.86 billion citywide. Dublin City Council established an adaptive reuse unit in 2022, but the scheme now proceeds with only one project at Fitzwilliam Quay.

Existing funding streams present challenges, with fragmented eligibility criteria and administrative burdens. The report recommends redirecting public funds toward reuse initiatives and exploring options like local climate bonds. Council chief executive Richard Shakespeare acknowledges systemic financial investment is necessary for successful regeneration.