Under my Department's Social Housing Investment Programme, funding is available to all local authorities to deliver additional social housing stock through the acquisition of new and previously owned houses/apartments for social housing use, including delivery through the Buy and Renew Scheme.
Activity in this regard is largely delegated to local authorities so they can respond flexibly to all opportunities to provide new social housing. Since the Buy & Renew Scheme was introduced in late 2016, local authorities have delivered over 550 new social homes under the scheme to the end of 2019, as follows -
Year
|
Units
|
Average Delivery Cost per Unit
|
2016/7
|
176
|
€174,000
|
2018
|
223
|
€210,000
|
2019
|
160
|
€191,000
|