Dáil Éireann Debate, Wednesday - 7 November 2018
180. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government the number of units delivered to date in 2018 via the Housing Agency’s €70 million rolling Housing Agency fund; and the average cost for each unit. [46004/18]
Amharc ar fhreagraUnder Actions 1.1, 2.5 and 5.6 of the Rebuilding Ireland Action Plan for Housing and Homelessness, the Housing Agency is actively engaged with banks and investment companies in relation to its acquisitions programme. An Acquisitions Fund of €70m, which is a revolving fund, has been established with the objective of acquiring some 1,600 units over the period to 2021 for social housing use.
As of 30 September 2018, the Agency had bids accepted on 818 units. Contracts have been signed for 509 units and 487 of these purchases have closed. The process of selling properties on to Approved Housing Bodies is underway. As of 30 September 2018, the Agency had signed purchase option agreements for 217 properties with Approved Housing Bodies and these units are now under Caretaker Leases. In addition, the onward sales of 215 properties (212 to AHBs and 3 to Local Authorities) have been completed in full and the Agency has received €45.3m for these units.
As of 30 September 2018, the average cost per property purchased by the Agency is €182,079. When properties are sold to AHBs, the price paid is made up of the original cost of the unit as well as the cost of the upgrade work. The average sales price for the 215 properties sold as of 30 September 2018 is €211,008.
