Dáil Éireann Debate, Thursday - 30 June 2022
154. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total number of affordable cost rental homes that have been delivered to date; the local authority areas in which they have been delivered; and the rents being charged by each size and type of home in tabular form. [35136/22]
Amharc ar fhreagraUnder the Government's Housing for All strategy, 10,000 Cost Rental homes will be delivered from 2021 to 2026 by Approved Housing Bodies (AHBs), Local Authorities and the Land Development Agency (LDA). AHBs will be supported by Cost Rental Equity Loan (CREL) funding and Local Authorities will be able to avail of funding for Cost Rental delivery through the Affordable Housing Fund. The LDA will also deliver Cost Rental on its own portfolio of sites or through acquisitions under Project Tosaigh.
The first 65 CREL-funded Cost Rental homes were tenanted by the Clúid AHB in 2021, with 25 at Taylor Hill in Balbriggan and a further 40 at Barnhall Meadows in Leixlip, Co. Kildare. These developments have delivered cost-covering rents at least 40% below comparable open-market prices.
The first quarter of 2022 saw tenants being allocated homes in a further 50 Cost Rental dwellings at Enniskerry Road, Stepaside. These homes were delivered by the Tuath and Respond AHBs, in a collaboration with Dún Laoghaire-Rathdown County Council and with €4.5 million of funding provided through the Serviced Sites Fund (SSF), as the precursor to the Affordable Housing Fund (AHF) from my Department. The cost-covering rent for these two-bedroom apartments is €1,200 per month, which represents a very significant discount on market prices in the area (c. €2,000). A full table of Cost Rental homes delivered to date, through both the SSF/AHF and CREL funding pathways, is set out below.
|
Scheme |
Number of Units |
AHB/ LA |
Local Authority |
Weighted Average CR Rent |
Weighted Average Market Rent |
Discount |
Tenanted |
|
Taylor Hill, Balbriggan, Co. Dublin. |
25 |
AHB/Clúid |
Fingal |
€1,056.00 |
€1,802.00 |
-41% |
Q3 2021 |
|
2-bed terraces (77.8- 88.6m2) |
7 |
|
|
|
|
|
|
|
3-bed terraces, semi-detached and detached (102-120m2) |
17 |
|
|
|
|
|
|
|
4-bed detached (149.4m2) |
1 |
|
|
|
|
|
|
|
Barnhall, Leixlip, Co. Kildare. |
56 |
AHB/Clúid |
Kildare |
€1,212.50 |
€2,091.00 |
-42% |
Q4 2021 and Q2 2022 |
|
2-bed house (86m2) |
6 |
|
|
|
|
|
|
|
3-bed house (109-121m2) |
50 |
|
|
|
|
|
|
|
Enniskerry Road, Stepaside, Co Dublin |
50 |
AHBs Respond &Tuath, LA DLRCC |
Dún Laoghaire- Rathdown |
€1,200.00 |
€1,960.00 |
-39% |
Q1 2022 |
|
2-bed apartments (66m2) |
50 |
|
|
|
|
|
|
|
Parklands, Citywest, |
20 |
AHB/Tuath |
South Dublin |
€1,280.00 |
€1,925.00 |
-34% |
Q2 2022 |
|
2-bed apartments (90m2) |
10 |
|
|
|
|
|
|
|
2-bed Duplex apartments (96m2) |
10 |
|
|
|
|
|
|
|
The Paddocks, Newbridge |
46 |
AHB/Clúid |
Kildare |
€1,197.00 |
€1,619.00 |
-26% |
Q2 2022 |
|
1-bed apartments (50m2) |
10 |
|
|
|
|
|
|
|
2-bed apartments (80m2) |
32 |
|
|
|
|
|
|
|
3-bed apartments (100m2) |
4 |
|
|
|
|
|
|
|
Kilcarbery Grange, Clondalkin, |
37 |
AHB/Tuath |
South Dublin |
€1,140.78 |
€1,670.00 |
-32% |
Q2 2022 |
|
1-bed apartments (50m2) |
16 |
|
|
|
|
|
|
|
2-bed apartments (85m2) |
21 |
|
|
|
|
|
|
|
Total Delivered |
234 |
|
|
|
|
|
|
This brings the number of Cost Rental homes delivered to date at 234 in less than 12 months since the passing of the Affordable Housing Act last July.
To date, approval in principle has been confirmed so far for approximately 900 Cost Rental homes to be delivered by AHBs under the CREL scheme in the period to 2023. The necessary financial and commercial arrangements in relation to a number of these projects are being completed by the AHBs concerned. Full details of the projects, including specific locations, housing typologies and cost-covering rents cannot be made public until these arrangements are concluded.
