Eoin Ó Broin
Question:468. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the number of homes acquired via the Housing Agency in quarter 1 of 2021; and the average cost of each unit. [21577/21]
View answerWednesday, 28 April 2021
Questions (468)
Written answers
The Housing Agency has been provided with direct capital funding to facilitate the acquisition of suitable portfolios of vacant properties for social housing from financial institutions and investors. An Acquisitions Fund of €70m was established with effect from 1 January 2017, with the objective of acquiring some 1,600 homes over the period to 2021, for onward sale to Approved Housing Bodies for use for social housing purposes.
By the end of 2020 the Housing Agency had purchased 826 properties using the Fund. A further 6 properties were acquired in Q1 2021 at an average cost of €192,917 per unit.