Dáil Éireann Debate, Thursday - 12 July 2018
737. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the details of the €70 million rolling Housing Agency fund by county; the number of units delivered in the past 12 months; the average cost for each unit; and if he will make a statement on the matter. [31947/18]
View answerUnder Actions 1.1, 2.5 and 5.6 of Rebuilding Ireland: Action Plan for Housing and Homelessness, the Housing Agency is actively engaged with banks and investment companies in relation to its acquisitions programme. An Acquisitions Fund of €70m, which is a revolving fund, has been established with the objective of acquiring some 1,600 units over the period to 2020 for social housing use.
Since the Fund was established, the Agency has had bids accepted on 645 properties. Contracts have been signed for 454 units and 404 of these purchases have closed at a value of €72m. The process of selling properties on to Approved Housing Bodies is underway. Since the Fund was established, the Agency has signed purchase option agreements for 238 properties with Approved Housing Bodies and these units are now under Caretaker Leases. To date, the onward sales of 132 units to AHBs have been completed in full and the Agency has received €27.7m from AHBs for these units. The average cost per unit of the units purchased to date is approximately €178,652. The number of units purchased to date since the establishment of the Fund and the average cost for each unit broken down by county is set out in the table.
|
Local Authority |
Purchase Complete |
Average Cost |
|
Carlow |
2 |
€97,500 |
|
Cavan |
4 |
€96,250 |
|
Clare |
4 |
€112,500 |
|
Cork City |
4 |
€150,000 |
|
Cork County |
19 |
€151,895 |
|
Donegal |
8 |
€82,375 |
|
Dublin City |
60 |
€253,871 |
|
Dun Laoghaire Rathdown |
4 |
€276,250 |
|
Fingal |
74 |
€196,858 |
|
Galway City |
5 |
€231,400 |
|
Galway County |
17 |
€160,588 |
|
Kerry |
14 |
€157,357 |
|
Kildare |
37 |
€213,351 |
|
Kilkenny |
5 |
€113,000 |
|
Laois |
12 |
€106,667 |
|
Leitrim |
4 |
€89,250 |
|
Limerick |
5 |
€109,000 |
|
Longford |
2 |
€105,000 |
|
Louth |
6 |
€165,000 |
|
Mayo |
3 |
€113,333 |
|
Meath |
18 |
€177,333 |
|
Monaghan |
3 |
€133,333 |
|
Offaly |
5 |
€107,000 |
|
Roscommon |
1 |
€115,000 |
|
Sligo |
2 |
€109,000 |
|
South Dublin |
36 |
€197,208 |
|
Tipperary |
16 |
€104,500 |
|
Waterford |
10 |
€112,900 |
|
Westmeath |
6 |
€118,000 |
|
Wexford |
12 |
€112,000 |
|
Wicklow |
6 |
€235,333 |
|
Total: |
404 |
€178,652 |
