I propose to take Questions Nos. 600 to 603, inclusive, together.
To support the implementation of Rebuilding Ireland: Action Plan for Housing and
Homelessness, I have secured €5.35 billion in exchequer investment to deliver 47,000 social housing units through build, refurbishment, acquisitions and leasing, over the period 2016 to 2021. This €5.35bn investment comprises some €4.5 billion in capital funding and €844 million in support of programmes funded from current expenditure.
Of the 47,000 units, it is estimated at this stage that approximately 26,000 will be constructed, while 11,000 will be acquired by local authorities and AHBs directly from the market or the Housing Agency, with a portion of these being newly built units. The 10,000 units will be leased by local authorities and AHBs, which includes an estimated 5,000 units to be sourced from the NTMA Special Purpose Vehicle and a further 5,000 properties to be secured from a combination of the Repair and Leasing Initiative that will be piloted shortly and under long-term lease arrangements by local authorities and AHBs from a range of different sources, not including Part V. This therefore includes a mix of units from the existing housing stock and newly built units. Overall, it is estimated that around 4,700 units could be secured for social housing from Part V agreements.
The actual breakdown of delivery will ultimately depend on many factors, including activity in the private sector, capacity of local authorities and AHBs and readiness of projects. However, delivering the 47,000 units targeted will require concerted effort by both local authorities and AHBs, as shown in the following table.
|
-
|
Build
|
Acquire
|
Leasing
|
Totals
|
|
LA
|
18,718
|
2,276
|
3,500
|
24,494
|
|
AHB
|
4,698
|
8,652
|
|
13,350
|
|
|
|
|
|
|
|
LA/AHB
|
2,620
|
|
6,536
|
9,156
|
|
|
26,036
|
10,928
|
10,036
|
47,000
|
|
|
|
|
|
|
