Thomas Gould
Question:276. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the number of cost rental homes delivered in Q1 2022; and the number to be delivered in Q2. [19081/22]
View answerThursday, 7 April 2022
Questions (276)
Written answers
Under the Government's Housing for All strategy, 10,000 Cost Rental homes will be delivered from 2021 to 2026 by Approved Housing Bodies (AHBs), Local Authorities and the Land Development Agency (LDA). AHBs will be supported by Cost Rental Equity Loan (CREL) funding and Local Authorities will be able to avail of funding for Cost Rental delivery through the Affordable Housing Fund. The LDA will also deliver Cost Rental on its own portfolio of sites or through acquisitions under Project Tosaigh.
The first 65 CREL-funded Cost Rental homes were tenanted by the Clúid AHB in 2021, with 25 at Taylor Hill in Balbriggan and a further 40 at Barnhall Meadows in Leixlip. Both developments delivered cost-covering rents at least 40% below comparable open-market prices.
The first quarter of 2022 has seen tenants being allocated homes in a further 50 Cost Rental dwellings at Enniskerry Road, Stepaside. These homes were delivered by the Tuath and Respond AHBs, in a collaboration with Dún Laoghaire-Rathdown County Council and supported by Serviced Site funding from my Department. The cost-covering rent for these two-bedroom apartments is €1,200 per month, which represents a very significant discount on market prices in the area (c. €2,000).
Tenants were also been selected by the Tuath AHB for 44 Cost Rental homes at Parklands, Citywest. Cost Rental homes there 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.
Projections for Q2 2022 indicate that 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. The first phases of schemes in Newcastle, Dublin and in Newbridge, Co. Kildare will see a further 57 new homes completed in Q2 2022 with full details to be released shortly.