Tuesday, 26 March 2019

Questions (1386)

Darragh O'Brien

Question:

1386. Deputy Darragh O'Brien asked the Minister for Housing, Planning and Local Government the amount issued by the Housing Finance Agency to approved housing bodies per annum from 2011 to date; the number of units constructed under such finance; the number of units leased; and if he will make a statement on the matter. [13003/19]

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Written answers (Question to Housing)

My Department requested the Housing Finance Agency to provide figures for the amount of funding issued by the Agency to approved housing bodies per annum from 2011 to date; and the number of units constructed under such finance. The information concerned is set out in the following table.

-

2011

2012

2013

2014

2015

2016

2017

2018

2019 (YTD)

-

€ Million

€ Million

€ Million

€ Million

€ Million

€ Million

€ Million

€ Million

€ Million

Loans Advanced

8.75

14.21

13.15

33.97

126.29

171.00

283.16

70.94

Cumulative Loan Advanced

8.75

22.96

36.11

70.08

196.37

367.37

650.53

721.47

Units Advanced

66

150

160

356

866

1,145

1,513

240

Cumulative units Advanced

66

216

376

732

1,598

2,743

4,256

4,496

The units referred to in the table above include both construction and acquisition. It is important to note that unit delivery may not necessarily arise in the same year as funding advancement.

AHBs may also utilise the Capital Advance leasing Facility (CALF) in conjunction with a loan from the HFA. Dwellings constructed by AHBs using HFA finance are owned by AHBs and it is a condition of the funding that they are made available to local authorities for social housing using Payment and Availability Agreements (P&As).

With regard to leasing, in addition to the units which are supported through HFA funding outlined above, under the Social Housing Current Expenditure Programme (SHCEP), my Department supports AHBs to lease dwellings and make them available for social housing. These dwellings are secured under long-term leases between AHBs and private owners. They are then made available to local authorities for social housing using Payment and Availability Agreements (P&As), the cost of which is recouped to local authorities by my Department.

Output under AHB leasing since 2014 is set out in the following table.

-

AHB Leasing

2014

220

2015

523

2016

272

2017

492

2018

412