Eoin Ó Broin
Question:607. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government the projected average unit cost of a new social housing unit to rent or to buy in each of the years 2020 to 2024. [48893/18]
View answerTuesday, 27 November 2018
Questions (607, 608)
Eoin Ó Broin
Question:608. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government the projected average unit cost of a buy and renew unit in each of the years 2020 to 2024. [48894/18]
View answerWritten answers
I propose to take Questions Nos. 607 and 608 together.
Under Rebuilding Ireland, funding is available to Local Authorities through a range of build, acquisition and leasing schemes to facilitate constructing, acquiring, leasing and remediating vacant properties that may be suitable for social housing. The blend delivered in each local area will have regard to housing need, value for money, opportunities available for build projects and also the availability of vacant and other second-hand properties of different types.
Going beyond Rebuilding Ireland, the National Development Plan 2018-2027 provides for the delivery of 112,000 new social homes over the next decade. These 112,000 new social homes will be delivered through a range of mechanisms, including build, long term leasing and acquisitions.
As reflected in the National Development Plan 2018-2027, some €11.6 billion in capital funding will be provided for the delivery of social homes. The specific capital allocations underpinning the various social housing delivery programmes for each year out to 2027 will be determined in the context of the annual estimates process and will reflect the blend of delivery methods and approaches required to deliver on the targets set out in the National Development Plan.
Cost guidelines and strict approval processes are in place to ensure the highest possible adherence to the principles of ensuring that options pursued represent value for money and maximising output for state investment, not only in terms of quantity but also quality.
Looking ahead, it is not possible to accurately predict potential future costs to deliver social housing units for a variety of different reasons not least geographical location, property values at the time, condition of property and scope of work required where remedial work is necessary, size and property characteristics, construction price fluctuations/construction market trends at the time.