Dáil Éireann Debate, Thursday - 3 March 2022
176. Deputy Mark Ward asked the Minister for Housing, Local Government and Heritage the average cost of leasing a private home back to the local authority on a 25-year lease in South Dublin County Council; and if he will make a statement on the matter. [11577/22]
View answerThe Social Housing Current Expenditure Programme (SHCEP) supports the delivery of social housing by providing financial support to local authorities for the leasing of houses and apartments.
Long term lease arrangements, including the enhanced lease of privately owned dwellings, can be entered into by either local authorities or approved housing bodies (AHBs) for periods of between 10 to 25 years.
The average lease cost will vary by local authority having regard to the location of the dwelling, size and property type. The average cost is calculated based on claims for operational new units submitted by local authorities and recorded on my Department’s SHCEP financial management system and does not necessarily represent the amount delivered in that period.
Up to the end of 2021, the average annual cost of a long-term lease for 25 years with South Dublin County Council was €17,679. This reflects the higher cost of units in the Dublin area as lease payments are linked to market rents and discounted appropriately. This data includes local authority direct leasing, enhanced leasing, and AHB private leasing.
