The number of Housing Assistance Payment (HAP), Rental Accommodation Scheme (RAS) and long-term leasing units at the end of Quarter 3, 2021; and the related cost to the Exchequer for each scheme, is set out in the following table:
Scheme
|
No. of Active Tenancies/Leases
|
Cost to the Exchequer
|
Long-term Leasing*
|
3,800
|
€23.2 million
|
HAP
|
62,337
|
€394.2 million
|
RAS
|
17,318
|
€75.6 million
|
*includes Local Authority Long-term Leasing, Approved Housing Body Leasing and Enhanced Leasing.
Under Housing for All, the Government plans to increase the supply of housing to an average of 33,000 homes per year over the next decade, including an average of 10,000 new build social homes. As new build supply of social housing ramps up, there will be reducing reliance on the HAP and RAS schemes.
Long Term Leasing will be ended by 2025 through phasing out new entrants. This phasing out process will involve my officials engaging with local authorities, to ensure that the correct processes are put in place to ensure a managed end to leasing.