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Housing Provision

Dáil Éireann Debate, Wednesday - 25 October 2023

Wednesday, 25 October 2023

Ceisteanna (107)

Eoin Ó Broin

Ceist:

107. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total number of social housing units delivered by AHBs accessing the capital loan and subsidy scheme loans where the loans have now been fully repaid, in tabular form; the total number of social housing units delivered by AHBs accessing the CLSS loans where the loans or part of the loans remain outstanding; to provide a timeline for this second category of CLSS loans, indicating the number of properties where loans will be repaid in full for each year until all CLSS loans have been repaid; the total number of units of social housing delivered by AHBs with capital advance leading facility funding; and if he will provide a timeline for CALF loans, indicating the number of properties where loans will be repaid in full for each year until all CALF loans have been repaid. [46803/23]

Amharc ar fhreagra

Freagraí scríofa

The Capital Loan and Subsidy Scheme (CLSS) operated from 1991 to 2009 and provided capital funding to Approved Housing Bodies (AHBs) to meet the cost of constructing accommodation for social housing use. The local authorities borrowed the funding they provided to the AHBs from the Housing Finance Agency (HFA) over a 30-year period. CLSS Funding was provided to the AHBs by way of a non-refundable loan, subject to compliance with the conditions of the scheme.

Approximately 10,200 homes have been delivered through the CLSS.  However, following a review, a decision was taken in 2009 to wind down the scheme, which has now terminated. The loan charges (Principal and Interest) remain to be paid on a bi-annual basis (January to June & July to December).

The table below sets out the number of social homes provided, the number of loans drawn down, the original loan amount advanced and the balance owing on the loans at the end of June 2023.

LA

No. of SH Units

No. of Loans

Original Advance Amount

Balance at 30/06/2023

Carlow County Council

254

71

€26,000,076

€9,470,565

Cavan County Council

48

46

€7,577,925

€4,190,571

Clare County Council

131

89

€13,830,697

€5,871,117

Cork City Council

249

71

€36,894,889

€21,761,775

Cork County Council

585

174

€87,286,131

€38,995,091

Donegal County Council

420

140

€49,697,965

€21,837,114

Dublin City Council

1670

242

€334,033,747

€160,456,996

Dun laoghaire/Rathdown County Council

372

31

€88,693,512

€48,704,381

Fingal County Council

598

55

€107,234,792

€59,787,936

Galway City Council

182

25

€19,335,234

€7,921,901

Galway County Council

178

84

€20,720,741

€9,212,917

Kerry County Council

174

89

€24,589,984

€12,422,091

Kildare County Council

469

190

€54,794,583

€24,582,737

Kilkenny County Council

137

62

€11,601,074

€2,711,923

Laois County Council

271

196

€42,212,240

€21,982,957

Leitrim County Council

44

10

€7,377,885

€2,424,925

Limerick City and County Council

212

90

€23,977,513

€10,513,921

Longford County Council

200

77

€29,423,341

€15,163,511

Louth County Council

694

211

€83,222,447

€41,270,472

Mayo County Council

193

36

€25,525,405

€13,754,493

Meath County Council

180

128

€19,176,927

€7,339,752

Monaghan County Council

76

49

€9,586,444

€4,581,396

Offaly County Council

270

142

€28,879,678

€12,104,970

Roscommon County Council

25

7

€2,870,331

€1,100,571

Sligo County Council

237

100

€20,664,964

€7,879,868

South Dublin County Council

992

109

€147,033,682

€66,773,345

Tipperary County Council

522

155

€77,532,692

€38,923,742

Waterford City and County Council

427

110

€42,058,000

€14,766,885

Wexford County Council

284

136

€26,601,011

€9,243,214

Wicklow County Council

85

26

€8,060,232

€2,983,298

Total

10179

2951

€1,476,494,142

€698,734,435

The table below shows the maturity profile of the loans at the end of June 2023.

Expiry Year

Original Advance Amount

Balance at 30/06/2023

No. of Loans

2000

€1,345,922

€0

1

2022

€1,712,591

€0

13

2023

€8,426,406

€169,777

52

2024

€17,616,877

€1,135,028

89

2025

€22,671,552

€2,568,901

94

2026

€24,320,452

€3,019,318

109

2027

€21,660,284

€2,868,808

86

2028

€13,453,175

€3,189,699

62

2029

€32,218,553

€8,863,405

76

2030

€66,663,942

€20,732,557

165

2031

€88,711,209

€28,504,583

163

2032

€92,506,619

€33,185,654

176

2033

€114,618,612

€47,548,128

266

2034

€95,835,296

€43,578,908

171

2035

€85,537,619

€37,268,826

158

2036

€81,264,624

€42,305,990

183

2037

€157,005,853

€86,232,672

190

2038

€239,849,276

€138,314,551

296

2039

€139,046,824

€83,795,366

201

2040

€92,036,932

€59,543,162

145

2041

€44,510,859

€29,876,847

116

2042

€13,052,147

€9,072,021

48

2043

€8,845,250

€6,388,249

36

2044

€6,807,373

€5,145,713

29

2045

€2,605,484

€1,894,050

12

2046

€2,202,791

€1,803,731

5

2047

€1,201,626

€1,017,327

3

2048

€131,229

€115,255

2

2050

€550,620

€514,930

3

2051

€84,145

€80,977

1

Total

€1,476,494,142

€698,734,435

2,951

The Capital Advance Leasing Facility (CALF) funding is capital support provided to Approved Housing Bodies (AHBs) by local authorities to facilitate the funding of construction, acquisition or refurbishment of new social housing units.  This loan facility can support between 25% and 30% of the eligible capital cost of the housing project, with the housing units provided to local authorities for social housing use under long-term lease arrangements known as Payment and Availability agreements. A nominal interest rate of 2% fixed per annum is charged by the local authority on the initial capital amount. Repayments on either the capital or interest are not required during the term of the loan (between 10 and 30 years), although where an AHB chooses to, repayments can be made during the term. At the end of the term, the outstanding capital amount plus the interest accrued, is owed and repayable to the local authority. The local authority issues the CALF monies to the AHB and the local authority, in turn, recoups same from the Department. The remainder of the capital cost is sourced by the AHB through other borrowings, to which the local authorities are not party.

My Department does not hold the loan agreements under CALF, as the loan agreement, is between the local authority and the relevant AHB.  Accordingly, information on the number of CALF loans and associated due date, is held by the relevant local authorities. The value and the term of each CALF loan varies by project.

CALF was introduced in 2011, with a small number of AHBs only availing of the facility from 2011 to 2016, delivering a total of 1,456 social homes through the scheme. Since 2017, the number of homes delivered using the CALF scheme has increased significantly year-on-year. Homes delivered through the CALF scheme since 2017 is as follows:

CALF

2017

2018

2019

2020

2021

2022

Homes Delivered

1,221

1,834

2,995

2,454

2,799

3,407

The first loan due for repayment under the CALF scheme is in 2028. 

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