The Social Housing Capital Investment Programme (SHCIP) is the funding mechanism used to deliver direct local authority Part V homes. The Part V related expenditure under that programme in 2017 was €9.9m, with expenditure of €49.3m in 2018. It should be noted that the delivery of homes does not always arise in the same year as expenditure being incurred and schemes delivered under phased programmes may cross a number of payment periods. An analysis of Part V homes delivered under the SHCIP in 2017 indicates an average cost of approximately €194,500.
In addition to homes delivered directly to local authorities, Part V homes are also funded under Approved Housing Body (AHB) funding programmes, including the Capital Advance Leasing Facility (CALF) and the Capital Assistance Scheme (CAS). It is not be possible to disaggregate overall expenditure under these programmes in a particular calendar period into Part V and non-Part V elements as, for AHB-led programmes, Part V homes are frequently delivered as part of larger schemes on single contracts, and recoupments from local authorities do not disaggregate the Part V related elements.