Additional capital funding of €403 million was provided in Budget 2018 for the construction and acquisition of social housing units by local authorities and approved housing bodies. This additional funding was assigned to the Local Authority Capital Programme for the construction and acquisition of new social housing, the Capital Assistance Scheme, which delivers housing for specific categories of need, and the Capital Advance Leasing Facility, which provides funding to approved housing bodies to facilitate the construction and acquisition of new social housing units.
The 2018 budgetary provision and the funding expended to date in 2018 under these programmes is set out in the following table.
Programme
|
2018 Budget
|
Expenditure to 19 June 2018
|
Local Authority Capital Programme
|
€638.727m
|
€243.804m
|
Capital Assistance Scheme
|
€88.800m
|
€23.310m
|
Capital Advance Leasing Facility
|
€91.706m
|
€22.809m
|
The overall capital provision for housing in 2018 is €1.14 billion and this will support the delivery of almost 5,900 new social homes through construction and acquisition.