Thomas Gould
Question:402. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the number of cost-rental homes that people have moved into, by county, in 2023. [54852/23]
View answerTuesday, 12 December 2023
Questions (402, 404)
Thomas Gould
Question:404. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the number of cost-rental homes delivered, by county, in 2023. [54854/23]
View answerWritten answers
I propose to take Questions Nos. 402 and 404 together.
Cost rental is a new form of tenure which was introduced under the Affordable Housing Act 2021, where rents are set only to cover the cost of financing, building, managing and maintaining the homes. Under various schemes, the State may provide a subvention to reduce the initial capital cost and make the starting cost rent more affordable. In return, the homes are designated as cost rental homes for a minimum of at least 40 years under the Act.
The very first Cost Rental homes in Ireland were delivered in late 2021 and since then over 770 new Cost Rental homes have been delivered by local authorities, Approved Housing Bodies (AHBs) and the Land Development Agency (LDA).
My Department provides financial support for cost rental homes through the Cost Rental Equity Loan for Approved Housing Bodies, the Affordable Housing Fund for Local Authorities and the Secure Tenancy Affordable Rental Investment Scheme for all other potential providers.
Data for affordable housing delivery is published on a quarterly basis, similar to social housing delivery. This data is available up to Quarter 2 2023 and is published available at the following link: www.gov.ie/en/collection/6060e-overall-social-housing-provision/#affordable-housing-delivery.
Local Authorities are in the process of systematically collating information on delivery of affordable purchase and Cost Rental homes in their administrative areas, including returns for AHBs and the LDA, for Quarter 3 2023. This data is currently being verified. I expect that my Department will be in a position to report confirmed Q3 2023 social, affordable purchase and cost rental housing delivery shortly.
Question No. 403 answered with Question No. 401.
Question No. 404 answered with Question No. 402.