Dáil Éireann Debate, Wednesday - 8 May 2024
267. Deputy Cian O'Callaghan asked the Minister for Housing, Local Government and Heritage the average cost to the Exchequer of the affordable homes delivered with the affordable housing fund in 2023; and if he will make a statement on the matter. [20292/24]
Amharc ar fhreagraHousing for All is the Government’s plan to increase the supply of housing to an average of 33,000 per year over the nine year period of the plan to 2030. This includes the delivery of 54,000 affordable homes to be facilitated by local authorities, Approved Housing Bodies (AHBs), the Land Development Agency (LDA) and through First Home, which is a strategic partnership between the State and retail banks.
Data for affordable housing delivery is published on a quarterly basis, similar to social housing delivery. This data is published up to Quarter 4 2023, including AHB and LDA cost rental delivery, and is available on my Department's website: www.gov.ie/en/collection/6060e-overall-social-housing-provision/#affordable-housing-delivery
The data published shows that over 5,800 affordable housing solutions have been delivered to date. This figure includes 521 homes delivered by local authorities with AHF assistance during 2023 as affordable homes for purchase or for cost rental by eligible applicants.
Cost information on the delivery of affordable homes through the various construction streams, is collated at development/project level rather than at individual housing unit level. The cost of delivering new homes is dependent on a range of variables, such as the location, the scale of the development and the size and type of the homes involved.
The level of subvention provided from the AHF towards the capital cost of an affordable purchase or cost rental home varies having regard to factors such as density of affordable homes per hectare achieved and the location of the development. Subventions ranging from €50,000 to €150,000 per home are provided, with the Exchequer cost representing 95% of the subvention and the remaining 5% coming from a Local Authority contribution. Housing delivery being supported by funding approved originally under the earlier Serviced Sites Fund is also progressing with funding comprised of 89% Exchequer contribution matched by an 11% Local Authority contribution.
On this basis, the average Exchequer cost of affordable homes delivered by local authorities with support from the Affordable Housing Fund during 2023 is €78k per affordable home.
