The Social Housing Current Expenditure Programme (SHCEP) supports the delivery of social housing by providing financial support to local authorities and Approved Housing Bodies (AHBs) for the leasing of houses and apartments. The SHCEP budget funds the ongoing current costs of homes delivered using a variety of different delivery mechanisms through the Housing Leasing Programmes under Rebuilding Ireland, including:
- Leasing -Direct and Enhanced Leasing, AHB and Private Mortgage to Rent (MTR), the Repair and Leasing Scheme (RLS);
- Build - Capital Advance Leasing Facility (CALF) Build, CALF Part V, Part V Lease; and
- Acquisition - CALF Acquisition, Housing Agency Acquisitions (HAA).
Dwellings made available under the programme are used to accommodate households from local authority waiting lists.
A total of 4,365 homes were delivered under schemes funded by SHCEP in 2019. Details of the number of homes delivered in 2019 by scheme, together with the average annual cost of each lease type, are set out in the following Table. The average cost is calculated based on claims for operational new units submitted by local authorities and recorded on the Department’s SHCEP financial management system at end 2019.
Table: SHCEP Delivery and Average Lease Cost 2019
|
Dwellings Delivered
|
Average Annual Cost by Lease Type
|
LA lease from private owner (including Enhanced Leasing)
|
739
|
€10,696
|
AHB Lease from private owner
|
129
|
€8,349
|
MTR (AHB and Private)
|
214
|
€10,144
|
AHB NAMA SPV
|
3
|
€16,726
|
RLS (LA and AHB)
|
76
|
€5,666
|
CALF Build
|
2,032
|
€12,835
|
Part V
|
733
|
€14,534
|
CALF Acquisition
|
247
|
€11,745
|
HAA
|
192
|
€12,484
|
Total
|
4,365
|
€12,197
|