Dáil Éireann Debate, Tuesday - 21 November 2023
299. Deputy Mattie McGrath asked the Minister for Housing, Local Government and Heritage to provide an overview of the total capital allocation announced for investment in housing in 2024; the amount of this funding allocated to date in 2023; and if he will make a statement on the matter. [50782/23]
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 and is the first multi-annual fully funded housing plan in the history of the State. The Plan 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 (LDA) and €5 billion lending through the Housing Finance Agency (HFA).
Budget 2024 again provides record levels of investment by this Government to support housing delivery and the continued implementation of Housing for All. The total Exchequer funding being made available for the delivery of housing programmes is €4.1 billion, comprising Capital funding of €2.6 billion and Current funding of €1.5 billion.
The Capital provision of €2.6 billion will be supplemented by LDA investment of €978 million and HFA lending of €1.5 billion, resulting in an overall capital provision of €5.1 billion.
The 2024 funding provision will support over 28,000 additional households in 2024, through meeting the social housing needs of almost 22,000 households and supporting a further 6,400 households to buy or rent at an affordable price.
In addition to the delivery of new social and affordable homes, the funding secured in 2024 will also support the continued and enhanced delivery of a wide range of housing programmes. These programmes provide targeted support to meet individual housing need, including homelessness, tackling vacancy, retrofitting, upgrading and defects programmes and the provision of supports for older people, people with a disability and the Traveller Community.
Detailed information in respect of the Housing elements of Budget 2024 are set out in the 2024 Expenditure Measures Report, which is available at the following link: gov.ie - Budget 2024: Expenditure Reports (www.gov.ie)
To date in 2023, Exchequer expenditure on Housing programmes amounts to €2.84 billion
