Dáil Éireann Debate, Tuesday - 16 July 2013
828. Deputy Aengus Ó Snodaigh asked the Minister for the Environment, Community and Local Government the value of land purchased by individual local authorities for the purposes of social housing and other developments that have been transferred to the land aggregation scheme from 2008 to 2012. [35295/13]
View answer829. Deputy Aengus Ó Snodaigh asked the Minister for the Environment, Community and Local Government the value of land purchased by individual local authorities for the purposes of social housing and other developments that will be transferred to the land aggregation scheme in 2013. [35296/13]
View answerI propose to take Questions Nos. 828 and 829 together.
The Land Aggregation Scheme was introduced in 2010 as part of revised arrangements for the funding of land for social housing purposes.
From the introduction of the Scheme up to the end of 2012 lands with an estimated total loan value of €147.1 million have been approved into the Scheme in respect of 68 sites in nineteen local authority areas. The figure of €147.1m includes €111 million in respect of loans which have been fully redeemed by local authorities and the funding recouped from my Department, under the original terms of the Scheme. The remaining €36.1 million is in the form of annuity loans with the Housing Finance Agency (HFA), for which local authorities are making repayments to the HFA, and recouping these payments from my Department.
To date in 2013, four sites with an estimated annuity loan value of €13.4 million have been approved into the Scheme.
