Eoin Ó Broin
Question:348. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the average cost of tenant in situ purchases in Dublin city and county in 2022 and to date in 2023. [30604/23]
View answerTuesday, 27 June 2023
Questions (348, 350)
Eoin Ó Broin
Question:350. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the average unit cost of social housing acquisitions acquired in 2022 and separately to date in 2023; and to provide a breakdown of average costs, by size of unit, and by vacant unit versus tenant in situ acquisitions. [30612/23]
View answerWritten answers
I propose to take Questions Nos. 348 and 350 together.
Under Housing for All, the Government will deliver 47,600 new build social homes and 3,500 social homes through long-term leasing in the period 2022-2026. Our clear focus is to increase the stock of social housing through new build projects delivered by local authorities and Approved Housing Bodies (AHBs). My Department also supports local authorities and Approved Housing Bodies (AHBs) to acquire social housing homes through a number of funding programmes, including the Social Housing Investment Programme (SHIP), the Capital Advance Leasing Facility (CALF) and the Capital Assistance Scheme (CAS).
The table below sets out the average costs of social housing acquisitions in 2022 under the Capital Advance Leasing Facility and Social Housing Investment Programme:
|
Average Cost Per Unit € Acquisitions 2022 |
CALF Average Total Capital Cost |
Average CALF Approved |
SHIP |
|
1-bed house |
N/A |
N/A |
- |
|
2-bed house |
N/A |
N/A |
€202,367 |
|
3-bed house |
€281,343 |
€39,388 |
€255,508 |
|
4-bed house |
€260,624 |
€52,128 |
€306,334 |
|
5-bed+ house |
€280,000 |
€84,000 |
- |
|
1-bed apartment |
€247,384 |
€51,951 |
€143,436 |
|
2-bed apartment (inc. Duplex) |
€331,704 |
€36,487 |
€185,172 |
|
3-bed apartment (inc. Duplex) |
€438,276 |
€118,335 |
- |
Note 1: The information above is calculated using the financial information available to the Department.
Note 2: The CALF Average Total Capital Cost figures are based on application details and may be subject to change as the project progresses. These amounts include cost of works/repairs.
Note 3: The Average CALF Amount represents the average amount of CALF funding provided. (A maximum of 30%).
The Capital Assistance Scheme (CAS), provides that funding of up to 100% of project costs may be advanced by local authorities to Approved Housing Bodies to provide accommodation for priority categories on the housing waiting list including elderly, persons/families who are homeless and people with a disability.
The table below sets out the average cost of social housing acquisitions under the Capital Assistance Scheme:
|
Capital Assistance Scheme (CAS) Acquisitions 2022 |
|
|
Average Cost for 1-Bed CAS Unit |
€201,916 |
|
Average Cost for 2-Bed CAS Unit |
€192,083 |
|
Average Cost for 3-Bed CAS Unit |
€244,497 |
Data published to date does not include a breakdown of properties acquired where a tenant has received a Notice of Termination due to the landlord’s intention to sell the property, so a breakdown of average cost of tenant-in-situ purchases in Dublin city and county in 2022 is not available. From Q1 2023 an amendment has been made to my Department's statistical returns to collect information in this regard and will enable the extrapolation of average costs for Tenant in Situ acquisitions.
My Department does not provide funding in advance to local authorities to purchase homes under the tenant-in-situ scheme – funding is provided based on the acquisitions that have been completed by the local authorities, and the Department recoups local authorities for their expenditure. Local authorities have delegated sanction to deliver these acquisitions, subject to those acquisitions being within Acquisition Cost Guidelines issued by my Department. Revised Cost Guidelines were issued to local authorities in April this year.
Data is currently being collated for Q1 2023 and will be published in due course.