Cormac Devlin
Question:33. Deputy Cormac Devlin asked the Minister for Housing, Local Government and Heritage the key targets for 2024 under Housing for All; and if he will make a statement on the matter. [53974/23]
View answerThursday, 7 December 2023
Questions (33)
Written answers
Housing 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, 36,000 affordable purchase homes and 18,000 cost rental homes. Housing for All is supported by an investment package of over €4bn per annum, through an overall combination of €12bn in direct Exchequer funding, €3.5bn in funding through the Land Development Agency and €5bn funding through the Housing Finance Agency.
Housing output projections to 2030 are set out on page 32 of Housing for All. The overall supply target for 2024 is 33,450 homes. This includes 9,300 social homes and 6,400 affordable and Cost Rental homes. The Housing for All plan can be accessed on the following link: www.gov.ie/en/publication/ef5ec-housing-for-all-a-new-housing-plan-for-ireland/
Government has also commenced the process to revise the National Planning Framework, which will be accompanied by updated housing targets, taking account of up-to-date population numbers. The new targets will allow us to better plan housing delivery in the period to 2030, with an updated Affordable Housing Strategy to be prepared in the second half of next year.
Under the Housing for All Action Plan Update, provisional annual Housing for All housing output targets based on ESRI modelling will be published in Q1 2024. Final housing tenure targets will also be published in Q3 2024, following an update of the Housing Need and Demand Assessment tool and framework. The updated Housing for All Action Plan can be accessed on the following link: www.gov.ie/en/publication/97015-housing-for-all-action-plan-update-and-q3-2023-progress-report/
This Government will continue to focus on prioritising measures to accelerate the delivery of housing. Under Housing for All, the supply of new homes is increasing. In the first nine months of this year, nearly 22,500 new homes were delivered, a 9% increase on the same period last year. Some 31,500 homes were completed in the year to end-September 2023, the third quarter in a row the rolling 12-month completions have surpassed 30,000. The strong uptick in commencements this year has also continued with over 26,500 homes commenced in the first ten months of 2023. This is a 16.6% increase on the same period last year. We are optimistic we will meet the housing target of 29,000 this year and where we can, exceed it.