I propose to take Questions Nos. 57, 63, 66, 70 and 73 together.
The vacant property refurbishment grant, or the Croí Cónaithe towns grant, is a key support introduced by this Government to bring vacant and derelict properties back into use. It is a significant grant. A grant of up to €50,000 is available for the refurbishment of vacant properties for occupation as a principal private residence and for properties which will be made available to rent in the long-term rental market. A top-up grant of up to €20,000 is available where the property is derelict, bringing the total grant available for a derelict property up to €70,000. The grant is available in respect of vacant and derelict properties built prior to 2008 in towns, villages, cities and rural one-off homes across the country. The level of interest in the grant and its take-up have been significant since it was launched. To date, more than 10,200 grant applications have been received across local authorities and more than have been 6,800 approved. Payment of grants by local authorities commenced at the end of 2023. While there was some criticism of the slow drawdown of the grants, I am not aware of any other grant that is paid upfront before the work is actually done. That what was asked for by some on the opposite side of the House. We are seeing this increase, with more than 930 grants now paid. That is 930 properties that are completed where the grant is paid out. I expect this trend to continue, with the number of grants paid significantly increasing over the coming months as more refurbishment works are completed. Payment of the grant on completion of works is normal for these kinds of grants, such as the SEAI grants and housing adaptation grants, which are also paid when works are completed. Given the need to protect Exchequer funding, it is considered reasonable that the grant is paid at this point.
My Department publishes data on the grant, including numbers of applications and grants paid, on its website on a quarterly basis, providing breakdowns by local authority. The statistics for quarter 3 of 2024 were published yesterday, and I will arrange for the relevant web link to be circulated with the Official Report. Once a grant application receives approval, applicants have a period of 13 months to complete the approved works. However, where an applicant is experiencing particular issues and cannot complete the works under the grant within this 13-month period, the local authority may consider and grant an extension of the approval period at its discretion on a case-by-case basis. My Department issued a circular to all local authorities in October 2023 in this regard, with a further communication issued this month. Where an applicant is experiencing difficulty in complying with the timeline or anticipates doing so, it is recommended that they make direct contact with the vacant homes officer in their relevant local authority area.
When the Croí Cónaithe towns fund was launched, a commitment was given that a review of the schemes under it, including the vacant property refurbishment grant, would be undertaken by mid-2024. The review has been completed and I am considering its contents. I expect to be able to make recommendations to Government in due course regarding the grant and any changes that might be merited. The grant is making a real impact in addressing vacancy in areas of our cities, towns and villages and rural areas across the country and is making the purchase and refurbishment of these properties a more affordable option for those seeking to purchase their own home. Between the vacant property refurbishment grant and the SEAI grants, there is up to €100,000 now available to help people bring a vacant home back into use. In April this year, an update on the vacant homes action plan, which sets out the various actions being pursued by this Government to return vacant properties back into use, was published. The grant, alongside a suite of other measures introduced, shows this Government's commitment to tackling vacancy and bringing these properties back into use as homes.
We have changed the local authority home loan, which was a very significant one, and brought in a low-interest bridging loan because some people, and many Deputies, raised the issue for some applicants of actually of doing the work and waiting for the grant to be paid at the end of it. Through the local authorities, we now allow the local authority home loan to be used against vacant and derelict properties. That was never allowed before and is a significant change. Alongside that, with the same application, buyers can apply for a low-interest bridging loan for the grant amount. A buyer can accelerate and do that work and simply pay it back within 18 months. We have had applications for that too. There is a real opportunity for us to continue to accelerate the process of bringing vacant and derelict properties back into use. It makes a massive difference for the homeowner or the person renting the home. There is a benefit to the community, town, village, rural area or city to have these properties that have been vacant for such a long time brought back into use. I have visited many of them across the country and intend to do so later this week when I am in Cork city and county. It is something we are committed to. I would like to see it extended. I would not like to see it restricted or indeed abolished. The main Opposition party has proposed, inexplicably, to scrap a grant that is actually working. Sinn Féin wants to return all this to the local authorities. Its members are not in the Chamber to answer for themselves because they are not here. It shows how important questions on housing are to Sinn Féin and others.
Getting back to Deputy O'Sullivan's point, I know he and other colleagues are very supportive of this. We want to see this grant extended further. I would like to see it being a mainstay for the remainder of the decade.