Eoin Ó Broin
Question:304. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage if he will provide an update on the CALF review currently underway within his Department. [48493/22]
View answerTuesday, 4 October 2022
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Housing for All sets out national housing policy and implementation measures for the period to 2030. As part of the objective to increase social housing delivery, the plan recognises the significant role that Approved Housing Bodies (’s) have played as partners in social housing delivery and will continue to play over the next five years.
The Capital Advance Leasing Facility (CALF) funding model has worked very successfully over the past 10 years, particularly for the larger s that have adapted their delivery plans to utilise P&A-CALF funding. Under Housing for All, a specific objective, Action 4.10, is to “review the structure and operation of CALF to assess whether any refinements to the facility are required to support delivery of social housing by the sector across a wider range of Local Authority areas.”
One of the key purposes of this exercise is reviewing the structure of the P&A-CALF funding model to determine if it should be adjusted to support delivery by the sector across a wider range of areas and what options might be available to enable this. The deadline set for completion of this work is Q4 2022.
Due to the rise in construction inflation and increase in interest rates, work on this review was accelerated with the support of the Housing Agency, along with input from the relevant stakeholders and it is currently nearing the final stages of completion. It is expected to be completed shortly.