Dáil Éireann Debate, Tuesday - 26 July 2022
776. Deputy Cian O'Callaghan asked the Minister for Housing, Local Government and Heritage the number of expressions of interest that were received for the Croí Cónaithe cities by Dublin, Cork, Limerick, Galway and Waterford; the total number of apartments that were applied for; the average viability gap; the average total cost per apartment; and if he will make a statement on the matter. [41593/22]
View answerThe Croí Cónaithe (Cities) Scheme supports the building of apartments for sale to owner-occupiers. The Scheme aims to bridge the current “Viability Gap” between the cost of building apartments and the market sale price (where the cost of building is greater). The scheme is targeted principally at activating planning permissions already in place for such homes.
The scheme launched on the 10th May with an Expressions of Interest process and will be managed and administered by the Housing Agency on behalf of my Department. The closing date for receipt of proposals was 21st June 2022.
The Housing Agency has now started the first of the three pre-contract stages:
1. Reviewing eligible proposals,
2. Ranking of suitable proposals,
3. A detailed due diligence process leading to eligibility.
I expect that the full assessment of proposals received will take a number of months and agreements to deliver apartments to be put in place in the Autumn.
