In line with the commitments in Rebuilding Ireland, the Government is making €310 million available under the Serviced Sites Fund (SSF) to provide infrastructure to support the delivery of more affordable homes on local authority lands. A maximum SSF funding amount of €50,000 is available per home. This sum is comprised of €44,500 (or 89%) Exchequer contribution and a €5,500 (or 11%) local authority contribution. On this basis, at least 6,200 more affordable homes, to buy or rent, can be facilitated by this measure alone. This funding is being made available in areas where local authorities have demonstrated a requirement for more affordable housing and the viability to deliver such housing from their sites.
To date, through 2 Calls for Proposals issued to local authorities, I have allocated SSF funding of €127 million in support of 35 projects in 14 local authority areas. This will provide for infrastructure works that will support the delivery of almost 3,200 affordable homes. It is intend to issue a 3rd Call for Proposals under the SSF to local authorities later this year.
Details of all SSF grants approved and associated housing involved are available on the Rebuilding Ireland website at the following weblinks:
Call 1: https://rebuildingireland.ie/news/minister-murphy-gives-the-go-ahead-for-ten-local-authority-sites-for-affordable-housing-under-the-serviced-sites-fund/
Call 2: https://rebuildingireland.ie/news/minister-murphy-approves-funding-of-e84m-to-support-delivery-of-1770-affordable-homes-under-the-ssf/
In terms of funding drawdown, the timing of delivery for these projects is contingent upon the completion of the design, planning and procurement process in the first instance and before significant construction costs are incurred. As such, and as grant claims are based on vouched expenses, the SSF-funded Cost Rental development at Enniskerry Road, which is currently on site, is the only project for which funding claims have been submitted thus far and these are currently being processed by my Department.