Dáil Éireann Debate, Tuesday - 10 May 2022
338. Deputy Bernard J. Durkan asked the Minister for Housing, Local Government and Heritage his plans for an urgent review of the funding available for affordable purchase housing and for the provision of sufficient funding to meet the requirements of the local authority housing lists and other middle-income groups currently unable to house themselves other than by way of exorbitant rents; and if he will make a statement on the matter. [22618/22]
Amharc ar fhreagraExchequer investment from the National Development Plan, together with Housing Finance Agency lending and Land Development Agency investment will mean that some €4 billion in State funding will be available for housing every year from 2021-2025. This funding commitment underpins the Government’s Housing for All plan, which commits to more than 9,500 new-build social homes, 4,000 Affordable Purchase homes and 2,000 ‘Cost Rental’ homes per year up to 2030.
Housing for All sets out the range of actions necessary to increase the supply of housing to the required 33,000 homes, on average, per year over the next decade. 54,000 affordable home interventions will be delivered between now and 2030 to be facilitated by local authorities, Approved Housing Bodies, the Land Development Agency (LDA) and through a strategic partnership between the State and retail banks. 36,000 of the targeted units will be affordable purchase homes, with the remaining 18,000 as cost rental units.
Funding is made available by Government to assist local authority affordable housing delivery, for purchase and rent, through the Affordable Housing Fund, and Approved Housing Body delivery is supported by the Cost Rental Equity Loan. Following a review of the Serviced Sites Fund last year, the revised Affordable Housing Fund subsidy scheme now makes a maximum funding amount of €100,000 per unit available to local authorities, double the maximum subsidy of €50,000 that was available under the Serviced Sites Fund.
Questions Nos. 339 to 341, inclusive, answered with Question No. 337.
