Following the launch of the Social Housing Strategy 2020, a wide variety of stakeholders expressed an interest in being involved in the provision or financing of social housing across the country. On foot of a wide variety of interest from stakeholders in being involved in the provision of social housing, a structured, formal process was put in place to facilitate engagement with such parties. The Clearing House Group (CHG) was established to examine and consider proposals and to meet with the companies, groups and institutions involved. The CHG comprised representatives from:
- Department of Housing, Planning and Local Government;
- Department of Finance;
- Department of Public Expenditure and Reform;
- Dublin City Council; and
- The Housing Agency; The National Economic and Social Council (NESC).
The CHG was a sub-group of the Finance Work Stream, one of the governance structures of the Social Housing Strategy 2020. The examination of proposals was a complex task and despite a high level of engagement with potential providers, none of the proposals met the criteria that would enable them to be considered off-balance sheet. The summary table below details each of the 25 proposers who made submissions to the CHG. Included also are the dates on which the proposers met with the Clearing House Group.
|
Proposer
|
Date of meeting with CHG
|
|
Barclays
|
29/06/2015
|
|
Trinity IM
|
27/03/2015
|
|
Menolly Homes
|
N/A
|
|
Home Grown Home
|
28/08/2015
|
|
Richard McCafferty/Rampart Capital
|
N/A
|
|
Investec
|
21/04/2015
|
|
McGarrell Reilly Group
|
N/A
|
|
Centrus
|
30/04/2015
|
|
Lex Risk Solutions/RK Harrison
|
04/06/2015
|
|
AIB
|
04/06/2015
|
|
BOI
|
04/06/2015
|
|
Dublin Artisan Dwelling Fund
|
17/4/2015
|
|
Tuath Housing Association
|
27/03/2015
|
|
Tuath Housing Association – “Rent and Save” proposal
|
23/09/2015
|
|
Apex Housing Association
|
29/06/2015
|
|
IRES REIT
|
29/06/2015
|
|
Bartra Capital Limited
|
13/07/2015, 28/8/2015
|
|
Clyde Capital Partners/Tom Barry
|
04/06/2015
|
|
New Ground
|
28/08/2015
|
|
Clúid – Local Authority Void Units
|
13/07/2015
|
|
Clúid – Cost Rental Pilot
|
13/07/2015
|
|
NABCO
|
13/7/2015
|
|
Asset Backed Investment
|
28/08/2015
|
|
Ó Cualann CoHousing Alliance
|
28/08/2015
|
|
Irish League of Credit Unions Proposal received
|
24/11/2015
|
In the period after the Clearing House Group concluded its work, my Department, the National Development Finance Agency, the Housing Agency and local authorities worked to develop a new set of long-term leasing arrangements, culminating in the development of the Enhanced Leasing Scheme. The scheme was introduced in order to encourage social housing leasing at a reasonable scale in order to supplement social housing delivery under other programmes.
A spending review and analysis of capital and current expenditure on housing supports has been carried out by the Irish Government Economic & Evaluation Service (IGEES) staff within the Department of Finance and Public Expenditure and Reform, published in July 2018. This report focuses on the comparative analysis of delivery streams particularly related to cost effectiveness, including leasing. This report can be found at the following link:
https://igees.gov.ie/wp-content/uploads/2018/07/19.-Current-and-Capital-Expenditure-on-Social-Housing-Delivery.pdf
