Dáil Éireann Debate, Thursday - 3 April 2014
154. Deputy John Lyons asked the Minister for the Environment, Community and Local Government his views on the further expansion of a new funding model for social housing which involves the transfer of housing stock to voluntary housing associations who can use private funding, as was seen recently in the refurbishment of housing stock in association with Fold Ireland in Ballygall, Dublin 11. [15861/14]
View answerThe project at Ballygall Road received funding from my Department under the Capital Advance Leasing Facility (CALF). CALF was introduced, in 2011, to facilitate the securing of finance by Approved Housing Bodies (AHBs) from sources other than the Exchequer, including from the Housing Finance Agency and private lending institutions. CALF provides a capital equity injection which assists AHBs in securing private finance. To date over €13 million has been advanced to AHBs under CALF which has supported the provision of 363 social housing units. It is open to all AHBs to consider and put forward proposals to meet housing need under CALF, having regard to the housing need in an area.
