Thomas Gould
Question:275. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the number of affordable homes delivered in Q1 2022; and the number to be delivered in Q2. [19080/22]
View answerThursday, 7 April 2022
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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 home 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.
Delivery of affordable housing, in accordance with the schemes set out in the Affordable Housing Act, 2021 and the funding being made available, will be underpinned by local authorities' Housing Delivery Action Plans. Local authorities submitted initial affordable plans to me in December 2021. Preparation of these Plans allowed each local authority to assess the level of demand with affordability constraint in their area based on the Housing Need and Demand Assessment and plan provision accordingly. The Plans are being revised and updated by local authorities in the light of ongoing engagement and clarifications, and I expect that they will be ready for publication by local authorities before the Summer. They will provide a comprehensive overview of projected delivery of affordable housing nationally.
In Q1 of this year, 50 affordable units were delivered at Enniskerry Road in Stepaside. These homes were completed as part of the new Cost Rental tenure, and rents are set at €1,200 per month for the two bed apartments, a reduction of approximately 40% on comparable market rents in this area.
In Q2 2022, affordable purchase homes are expected to be delivered in the following areas: 22 two and three bed homes at Boherboy and 15 two, three and four bed homes at Tower in Cork City, 14 two and three bed homes at Dun Emer in Lusk, and 16 three bed homes at Kilcarbery Grange in Clondalkin.
Cost Rental projections for delivery in Q2 2022 will see completion of 44 homes at Parklands, Citywest. These homes are two-bedroom apartments and two-bedroom duplexes, with starting cost rents projected to range from €1,200 to €1,300, representing a discount of approximately 30% on comparable market rents in the area. 74 Cost Rental units will be completed by the Tuath AHB at Kilcarbery Grange, Clondalkin and a further 16 Cost Rental units will be tenanted by Clúid at the Barnhall Meadows project in Leixlip, Co. Kildare. First phases of two further schemes in Newcastle, Dublin and in Newbridge, Co. Kildare are expected to see 57 new cost rental homes completed later this quarter with details to be made available shortly.
Other measures to allow buyers to access newly-constructed housing affordably such as the Help to Buy Scheme and the Local Authority Home Loan (formerly the Rebuilding Ireland Home Loan), are also available to eligible purchasers nationally to make home ownership more affordable. Information on these schemes is available at the following links:
www.revenue.ie/en/property/help-to-buy-incentive/index.aspx, and localauthorityhomeloan.ie/.