To the end of quarter 1, 2010, my Department had approved over 2,200 units for use under the Social Housing Leasing Initiative. Of these, some 1,172 have been issued with funding approval, of which 116 are standard lease units to be provided by either a local authority or an Approved Housing Body (AHB). Details of the bodies which have received such funding approval are set out in the table.
Breakdown by LA/AHB of standard lease units with funding approval
Housing Authority/Approved Housing Body
|
Number of approved units
|
Buncrana TC
|
13
|
Donegal Co Co
|
43
|
Templemore TC
|
20
|
Wexford Co Co
|
10
|
HELM (Kildare)
|
30
|
Total
|
116
|
Under the leasing initiative, housing authorities and approved housing bodies negotiate with property owners on the lease cost based on a standard benchmark of 20% below market rent, where the social landlord takes responsibility for the management and maintenance of the property. Of the 116 units, 74 have achieved a discount of 20% or more below market value.