Cian O'Callaghan
Question:385. Deputy Cian O'Callaghan asked the Minister for Housing, Local Government and Heritage the number of cost rental homes that were tenanted in 2021; and if he will make a statement on the matter. [18243/22]
View answerTuesday, 5 April 2022
Questions (385)
Written answers
The COVID-19 pandemic and associated closures and restrictions of construction sites, had significant impacts on the anticipated timelines for the delivery of Cost Rental developments in 2021.
Despite this, the first 65 Cost Rental homes were tenanted in 2021, with 25 at Taylor Hill in Balbriggan and a further 40 at Barnhall Meadows in Leixlip. Both of the Cost Rental Equity Loan (CREL) supported developments delivered cost-covering rents at least 40% below comparable open-market prices.
Under Housing for All, 10,000 Cost Rental homes will be delivered from 2021 to 2026 by Approved Housing Bodies, supported by CREL funding. Local Authorities will be able to avail of funding for Cost Rental delivery through the Affordable Housing Fund. The Land Development Agency will also deliver Cost Rental, either on its own portfolio of sites, or through acquisitions under Project Tosaigh.