The Housing for All Strategy delivers on the Programme for Government commitment to step up housing supply and put affordability at the heart of the housing system, with an ambitious target of 300,000 homes over the next decade for social, affordable and cost rental, private rental and private ownership housing.
Measures to deliver this housing are supported by over €4 billion in funding annually, representing the highest ever level of Government investment in building social and affordable housing. 54,000 affordable homes interventions will be delivered between now and 2030 to be facilitated by local authorities, Approved Housing Bodies, the Land Development Agency and through a strategic partnership between the State and retail banks. From this figure, there will be 36,000 affordable purchase and 18,000 Cost Rental homes.
The delivery of affordable housing under Housing for All is being facilitated through a number of affordable schemes. These schemes will assist potential purchasers and renters in making housing more affordable. The Affordable Housing Act 2021 sets out the legislative basis for several such schemes, including a Local Authority Affordable Purchase scheme, the basis for a Cost Rental sector in Ireland, and the 'First Home' affordable purchase shared equity scheme.
Regulations under this Act covering the Local Authority Affordable Purchase scheme and Cost Rental are currently being finalised and once complete, will include information in relation to income and eligibility. It is anticipated that a number of these Regulations will be in published before year end, with the remainder in January 2022.