Eoin Ó Broin
Ceist:
159. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total amount of general Government capital expenditure on social and affordable housing by local authorities, approved housing bodies and the Land Development Agency, LDA, in each of the years 2016 to 2021 and to date in 2022, by funding via voted Government capital expenditure, approved housing body borrowing for capital developments and LDA capital expenditure in each of those years, in tabular form; and if he will make a statement on the matter. [46611/22]
Amharc ar fhreagra
The information requested is being compiled and will be forwarded to the Deputy in accordance with Standing Orders.
The following deferred reply was received under Standing Order 51
The information requested by the Deputy is set out in Tables 1 – 4 below.
Social Housing is delivered through a range of local authority and Approved Housing Body (AHB) delivery programmes. Capital expenditure on the delivery of new social homes, for the period in question, is set out in Table 1 below. This capital expenditure is also supported by current funding provided through the Social Housing Current Expenditure Programme (SHCEP).
In respect of AHB social housing delivery, my Department does not fund AHBs directly, but rather provides the funding to the local authorities who, in turn, advance the funds to the AHBs as appropriate.
However, for information, the capital funding provided to local authorities under the two main AHB social housing delivery programmes, i.e. the Capital Advance and Leasing Facility (CALF) and the Capital Assistance Scheme (CAS), for the period in question, is set out in Table 2 below.
In respect of Affordable delivery, Housing for All provides for a number of significant affordability measures, supported by an investment package of direct Exchequer funding, investment through the Land Development Agency (LDA) and lending by the Housing Finance Agency (HFA).
Capital exchequer expenditure on the various affordable measures is set out in Table 1 below.
The Affordable Housing Fund (AHF) scheme, which has replaced the Serviced Sites Fund (SSF), is available to local authorities to reduce the cost of delivering housing. The First Home Scheme, supporting the affordable purchase of new homes in the private market through an equity share model, launched on 7 July 2022. This year has seen the first voted capital expenditure on the Scheme, and the Department’s 2022 expenditure on the Scheme to date has been €40m.
To date, AHBs have availed of Exchequer funding through the Cost Rental Equity Loan (CREL) for 30% of the capital cost of the provision of Cost Rental homes, and can utilise debt financing from the HFA to fund the balance. In 2021, €9.25m of CREL loan funding was drawn down by AHBs for the provision of the first 65 CREL-funded homes plus some advance funding for CREL-approved homes for delivery in 2022. To date in 2022, €22.64m has been drawn down under CREL for the delivery of 251 homes. Separately, AHBs were obliged to borrow approximately €56m in matching loan finance from the HFA in order to complete the delivery of these 316 CREL homes.
Table 1: Capital Expenditure on Social and Affordable Delivery 2016 – 2021 and in 2022 (to end September)
|
Year
|
Social Housing Delivery
|
|
|
Affordable Schemes
|
|
|
Build & Acquisition
|
Service Sites Fund (SSF)/Affordable Housing Fund (AHF)
|
Cost Rental Equity Loan (CREL)
|
First Home Scheme
|
|
|
€m
|
€m
|
€m
|
€m
|
|
2016
|
406
|
n/a
|
n/a
|
n/a
|
|
2017
|
715
|
n/a
|
n/a
|
n/a
|
|
2018
|
1,162
|
n/a
|
n/a
|
n/a
|
|
2019
|
1,332
|
0.45
|
n/a
|
n/a
|
|
2020
|
1,312
|
1.96
|
n/a
|
n/a
|
|
2021
|
1,403
|
3.8
|
9.25
|
n/a
|
|
2022 (to date)
|
568
|
1.148
|
22.64
|
40
|
Table 2: Capital Expenditure on CALF and CAS 2016 – 2021 and in 2022 (to end September)
|
Year
|
CALF
|
CAS
|
|
|
€m
|
€m
|
|
2016
|
35.25
|
37.03
|
|
2017
|
55.68
|
54.99
|
|
2018
|
120.88
|
80.65
|
|
2019
|
150.62
|
97.70
|
|
2020
|
190.23
|
95.13
|
|
2021
|
238.04
|
99.83
|
|
2022 (to date)
|
92.25
|
59.66
|
In respect of the Land Development Agency (LDA), a breakdown of funding for the period in question is set out in Table 3 below.
Funding was provided to the LDA through my Department's Vote to cover expenditure prior to the enactment of the Land Development Agency Act 2021. The LDA did not draw down significant levels of capital funding in 2018 and 2019 as the projects were at the initial pre-planning stages. Funding continues to be made available through my Department’s Vote to meet costs associated with the LDA’s non-economic functions, as provided for under Section 29 of the LDA Act.
Table 3: LDA Capital Expenditure 2016 – 2021 and in 2022 (to end August)
|
Year
|
Capital Expenditure
|
|
€m
|
|
|
2016
|
0
|
|
2017
|
0
|
|
2018
|
0.03
|
|
2019
|
0.51
|
|
2020
|
7.44
|
|
2021
|
8.53
|
|
2022
|
12.19
|
Significant levels of capital expenditure are projected to be incurred by the LDA by end 2022.
In respect of AHB borrowing from the Housing Finance Agency (HFA), this is set out in Table 4 below.
Table 4: AHB HFA Borrowing 2016 – 2021 and in 2022 (to end September)
|
Year
|
€m
|
|
2016
|
126
|
|
2017
|
171
|
|
2018
|
283
|
|
2019
|
634
|
|
2020
|
549
|
|
2021
|
709
|
|
2022 (to date)
|
426
|
