The funding being provided for the delivery of housing programmes in 2019 will allow the housing needs of almost 27,400 to be met next year.
Of the 27,400 housing supports, 10,000 new homes will be delivered through build, acquisition and long term leasing programmes. These additional homes will be funded through a combination of capital and current funding streams, amounting to a combined provision of over €1.25 billion.
Further, an additional 17,360 new tenancies will be supported through the Housing Assistance Payment (HAP), supported from within an overall HAP provision of €423m, and the Rental Accommodation Scheme (RAS), from within an overall RAS provision of €134m.
The budgetary provisions for 2019 are determined based on the average costs associated with the delivery of housing targets through each specific delivery mechanism, including, as appropriate, costs associated with the maintenance of existing tenancies through leasing, RAS and HAP.
Further details in respect of the 2019 funding provision for housing programmes is set out in the Budget 2019 Expenditure Report which is available at the attached link: http://budget.gov.ie/Budgets/2019/2019.aspx.