Dáil Éireann Debate, Thursday - 5 October 2023
263. Deputy Bernard J. Durkan asked the Minister for Housing, Local Government and Heritage the extent to which he monitors the availability of funding for housing with a view to making serious strides towards providing the necessary accommodation in the shortest possible time in order to alleviate the seriousness of the situation facing first-time renters and affordable house buyers; and if he will make a statement on the matter. [43439/23]
View answerHousing for All is the Government’s plan to increase the supply of housing to an average of 33,000 per year over the next decade. This includes the delivery of 90,000 social homes and 54,000 affordable homes by 2030.
Housing for All is supported by an investment package of over €4 billion per annum, through an overall combination of €12 billion in direct Exchequer funding, €3.5 billion investment through the Land Development Agency and €5 billion lending through the Housing Finance Agency.
In 2023, Exchequer funding of €4 billion is being provided to deliver housing programmes, including €2.6 billion in capital funding and €1.4 billion in current funding. The capital provision of €2.6 billion will be supplemented by €1.9 billion from Land Development Agency (LDA) investment and Housing Finance Agency (HFA) lending, resulting in an overall capital provision of €4.5 billion for 2023.
The overall capital provision being provided in 2023 will fund a range of social and affordability schemes and support an additional 27,000 households in 2023, through meeting the social housing needs of an additional 21,430 households and supporting a further 5,550 households to buy or rent at an affordable price.
The funding allocations for housing programmes are determined annually as part of the Estimates process, with the 2024 Estimates process currently underway.
