The Repair and Leasing Scheme (RLS) was developed to assist private property owners and local authorities or approved housing bodies (AHBs) to harness the accommodation potential that exists in certain vacant dwellings across Ireland. RLS has both capital and current funding streams. The capital element funds the repairs to the property; the current element funds the lease payment to the property owner with the cost of the repairs being recovered from the property owner by offsetting it against the lease payment.
At the end of 2019, a total of 165 dwellings had been delivered through RLS. Total output under the scheme by year, together with the average annual lease cost, is set out in the following table.
Table: RLS Delivery and Average Annual Cost 2017 to 2019
Year
|
Dwellings Delivered
|
Average Annual Cost
|
2017
|
9
|
€7,919
|
2018
|
80
|
€6,023
|
2019
|
76
|
€5,666
|
Total
|
165
|
€5,970
|