Chapter 2 I Core Strategy
2.60 The primary objective for City Hinterland is to preserve the character of the area generally for use as agriculture, rural amenity, open space, recreational uses, green and blue infrastructure and to protect and enhance biodiversity. Chapter 10 sets out detailed objectives to achieve these aims.
The Council will seek to maximise delivery of strategic funding initiatives like the Urban Regeneration and Development Fund (URDF), the Local Infrastructure Housing Activation Fund (LIHAF) and the Serviced Sites Fund (SSF) that support local authorities in providing key enabling infrastructure. Cork City Council will also seek to highlight the importance in actively addressing any critical infrastructure blockages, to accelerate delivery of housing and regeneration on key development sites by helping to minimise delays in the delivery of utilities such as water, transport, energy services and other key infrastructure delivered by national service providers.
Delivering the Core Strategy
2.61 Delivery of the Core Strategy will be supported through active land management, focusing on measurable performance in accordance with the objectives set out in this section. Cork City Council will identify priorities and incentives, including relevant finance and funding options, to help deliver compact liveable growth. Cork City Council will collaborate with key stakeholders to support the achievement of Core Strategy objectives. Furthermore, Cork City Council will monitor the delivery of the Plan to support the realisation of these objectives.
Financing Strategic Sites
2.64 The resourcing and delivery of financing structures will be critical to unlocking the regeneration of strategic sites within Cork City. Given the complex nature of developing urban sites including the mix of land ownerships involved, alternative sources of financing and innovative funding mechanisms will be required. The need to increase the supply of affordable housing and affordable cost-rental further increases the challenges in designing appropriate financing mechanisms. 2.65 Having regard to these challenges, Cork City Council will seek to enable suitable partnerships that harness financial expertise that exists across a range of publicly supported institutions such as; the Land Development Agency (LDA), National Treasury Management Agency (NTMA), National Asset Management Agency (NAMA), Housing Finance Agency (HFA), Ireland Strategic Investment Fund (ISIF) and Home Building Finance Ireland (HBFI), among others. The delivery of sustainable and best practice urban regeneration, including increased levels of affordable housing, shall be a central consideration in the design of these financial mechanisms.
Enhanced Co-ordination
2.62 A key aim of Cork City Council is to unlock the development capacity of strategic growth areas identified in the Core Strategy. These sites will require enhanced co-ordination between stake- holders and service providers with a strong focus on delivering enabling infrastructure. To support this aim, the Council will promote an active land management approach that accelerates the development of strategic growth areas.
Funding for Strategic Sites
2.63 In partnership with Government departments, state agencies and service providers, Cork City Council will play an active role in enabling the growth and development set out in this Plan.
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Cork City Development Plan 2022-2028 I Volume 1
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