The Social Housing Current Expenditure Programme (SHCEP) supports the delivery of social housing by providing financial support to local authorities for the leasing of houses and apartments.
Long term lease arrangements can be entered into by either local authorities or approved housing bodies (AHBs) for periods of between 10 and 25 years.
The number of social homes delivered under long term leasing arrangements for Q1 2022 was 218. The average annual cost of all long-term leases approved in 2021 for a 25 year term was €16,500. My Department does not release specific cost information due to commercial sensitivity that may impact on the competitiveness of the local authority sector.
The average lease cost is calculated based on claims for operational new units submitted by local authorities and recorded on my Department’s SHCEP financial management system and does not necessarily represent the amount delivered in that period.
A breakdown by local authority of the total number of long-term leases delivered in Q1 2022 can be found in Table 1 below:
Table 1: Total Long-term Leasing Delivery by Local Authority – Q1 2022
Local Authority
|
No. Long Term Leases
|
Cork City
|
3
|
Cork County
|
1
|
DLR
|
1
|
Dublin City
|
68
|
Fingal
|
13
|
Galway City
|
3
|
Galway County
|
11
|
Kildare
|
1
|
Laois
|
3
|
Limerick
|
3
|
Louth
|
10
|
Mayo
|
14
|
Meath
|
3
|
Offaly
|
6
|
South Dublin
|
11
|
Tipperary
|
2
|
Westmeath
|
1
|
Wicklow
|
64
|
Grand Total
|
218
|
This data includes local authority direct leasing, enhanced leasing, and AHB private leasing.