Tuesday, 18 June 2019

Questions (671)

Eoin Ó Broin


671. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government the capital assistance scheme, CAS, allocation for 2019 as agreed in budget 2019; the number of applications for CAS funding to date in 2019; the value of the applications; the number of approvals for CAS funding to date in 2019; the value of the applications; the amount of funding remaining from the initial CAS allocation for 2019; if AHBs can continue to make applications for the remainder of 2019; and if not, the reason therefore. [25420/19]

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Written answers (Question to Housing)

The Capital Assistance Scheme (CAS) is operated on an open basis and AHBs can submit new proposals to local authorities at any time. The 2019 funding provision is €94.875 million, €16.9 million of which had been drawn down as at 14 June 2019.

CAS is administered by the local authorities who may advance loans of up to 100% of eligible project costs to AHBs, with that funding recouped to the authorities by my Department. As the scheme is administered by the local authorities, my Department does not have details of the number of applications received by them from AHBs. However, my Department has received over 100 proposals from the local authorities to date this year, with a value of some €40 million. So far this year, some 120 approvals with a value of over €35 million have issued to local authorities, which includes applications received in late 2018.