Dáil Éireann Debate, Tuesday - 25 October 2022
295. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total number of affordable homes that have been delivered to date via the serviced sites fund, affordable housing fund, cost-rental equity loan, project tosaigh, IDA new builds and Croí Cónaithe cities, broken down by location and average cost of rent or buy in tabular form. [52805/22]
View answerUnder Housing for All, the Government will deliver 54,000 affordable homes between now and 2030, to be facilitated by local authorities, Approved Housing Bodies (AHBs), the Land Development Agency (LDA) and through a strategic partnership between the State and retail banks.
2022 represents the first year of a very ambitious programme of delivery of affordable housing. Significant funding has been secured and is being made available to support delivery of affordable housing for purchase or for cost rental by local authorities, AHB's and by the LDA.
In respect of the LDA, details of the work that the LDA is progressing on public lands that will deliver affordable purchase and cost rental can be found here: lda.ie/projects-schemes/.
The LDA will also deliver Cost Rental and affordable purchase homes under Project Tosaigh, a market engagement initiative to unlock land with full planning permission that is not being developed by private sector owners. The overall target under Project Tosaigh is to deliver 5,000 new homes by 2026 through cost rental or affordable purchase to eligible households. The scheme will deliver its first homes before the end of the year and details of the initiative can be found here: lda.ie/home-building-partnership.
It should be noted that the the Croí Cónaithe (Cities) Scheme is a scheme to support viability. The fund supports the building of apartments for sale to owner-occupiers and 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). Details of the scheme, which was launched in May last (and as such would not yet have resulted in the completion of newly constructed apartment blocks in the period since then) can be found here: www.gov.ie/en/publication/883b1-croi-conaithe-cities-scheme/
Local authorities have been asked to begin systematically collating information on delivery of affordable homes in their area in the same manner as is currently undertaken for social housing. It is intended that information on delivery across all delivery streams will be gathered by my Department and I expect that the Department will be in a position to begin reporting on affordable delivery in national quarterly delivery statistics later this year.
In the meantime and to date in 2022, 373 affordable purchase homes and 50 Cost Rental have been delivered/made available under the Serviced Site Fund and Affordable Housing Fund. This includes LDA-sourced affordable purchase homes to be sold via the LA scheme’s legislative provisions (Part 2 Affordable Housing Act 2021). Details are set down in the table below:
|
Local Authority |
Name of project |
No. of affordable purchase/Cost Rental units |
Indicative Affordable Purchase Price/Cost Rent |
|
Cork City Council |
Boherboy Road |
117 |
€218,000 to €243,000 |
|
Cork City Council |
Cluain Chaoin, Tower |
36 |
€243,000 to €304,000 |
|
Cork County Council |
Clonmore, Mallow |
38 |
€260,000 to €300,000 |
|
Fingal County Council |
Dun Emer, Lusk |
39 |
€166,000 to €269,000 |
|
Dún Laoghaire-Rathdown |
Enniskerry Road, Stepaside |
50 |
€1,200 per month |
|
Soouth Dublin Councty Council |
Kilcarbery Grange |
16 |
€245,600 to €285,3000 |
|
Waterford City and County Council |
Elder Walk, Summerfields, Kilbarry |
92 |
€226,000 to €256,000 |
|
Waterford City and County Council |
Deer Park, Williamstown |
25 |
€205,000 to €212,000 |
|
Westmeath County Council |
Bower Hill, Athlone |
10 |
€248,000 to €288,000 |
|
Total |
423 |
In relation to the Cost Rental Equity Loan, supported homes delivered by Approved Housing Bodies, a total of 490 Cost Rental homes have been delivered/ advertised to date, including 73 Cost Rental units set to be launched on Friday 28th October in Lancaster Gate, Cork City.
|
Local Authority |
Name of Project |
No. of Cost Rental Units |
Weighted Average Cost Rent per unit |
|
Cork City Council |
Glanmire, Cork City |
32 |
€971 |
|
Cork City Council |
Lancaster Gate, Cork City |
73 |
€1,083 |
|
Fingal County Council |
Taylor Hill, Balbriggan |
25 (delivered in 2021) |
€1,056 |
|
Kildare County Council |
Barnhall, Leixlip |
56 (40 were delivered in 2021) |
€1,279 |
|
Kildare County Council |
Belin Woods, Newbridge |
50 |
€1,235 |
|
Kildare County Council |
The Paddocks, Newbridge |
96 |
€1,199 |
|
Kildare County Council |
Walkers Gate, Kildare Town |
40 |
€1,250 |
|
South Dublin County Council |
Kilcarbery Grange, Clondalkin |
74 |
€1,114 |
|
South Dublin County Council |
Parklands, Citywest |
44 |
€1,282 |
|
Total |
490 |
As reported on Friday 21st October by the First Home DAC’s quarterly report, since the First Home Share Equity Scheme launched on 7th July, 508 buyers in 23 counties have been approved by the Scheme and have received approvals which will allow them to purchase their chosen affordable purchase home. A further 203 applications are currently being processed, with approvals expected to issue shortly in most of these cases. A total of 1,862 potential buyers have registered their interest in the Scheme (823 individual buyers and 1,039 couples), with the average purchase price for approvals being €359,000, and the average maximum support of €79,000 sought.
