05/05/2015: Minister Humphreys welcomes launch of Living City Initiative
The Minister for Arts, Heritage and the Gaeltacht, Heather Humphreys TD, has today (Tuesday) welcomed the launch by the Minister of Finance, Michael Noonan TD, of the Living City Initiative.
The Living City Initiative is a scheme of property tax incentives which applies in certain ‘Special Regeneration Areas’ (SRAs) in Dublin, Cork, Limerick, Galway, Waterford and Kilkenny. These areas have been designated for the purposes of the scheme by the Minister for Finance. The maps and boundaries of these SRAs can be found on the websites of the respective local authorities.
Speaking today Minister Humphreys said:
“Enhancing the quality of our cities improves the lives of those who work and live in the urban environment, and also helps to attract investment. This regeneration scheme has the potential to help protect our architectural heritage and, crucially, to encourage sustainable development and the re-use of our urban historic areas.
“The Living City Initiative complements policy developments in my Department, such as the Historic Towns Initiative (HTI) and the publication of Shaping the Future – Case Studies in the Adaptation and Reuse in Historic Urban Environments, a guidance manual aimed at the re-use of protected structures.
“The Living City Initiative will help to preserve existing heritage assets, stimulate heritage-led regeneration and add to the long term sustainable development of these locations.”
There are two types of relief in the Living City Initiative, an owner/occupier residential element (for properties originally built for use as a dwelling prior to 1915) and a retail/commercial element. The scheme will last for 5 years from the day it is commenced by order of the Minister for Finance.
Further details of this initiative are available from the Department of Finance.