Dáil Éireann Debate, Wednesday - 28 September 2022
141. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total number of cost-rental homes completed to date in 2022, broken down by location, number of units per scheme and average monthly rent per scheme, in tabular form. [47373/22]
Amharc ar fhreagraThe Government's Housing for All strategy commits to delivering a total of 18,000 Cost Rental homes over the period to 2030. Significant funding has been secured and is being made available to support delivery of Cost Rental by Approved Housing Bodies (AHBs), local authorities and by the Land Development Agency (LDA).
Delivery will increase incrementally, to an average of 2,000 Cost Rental homes per year. 10,000 Cost Rental homes will be delivered from 2021 to 2026. 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 (AHF). The LDA will also deliver Cost Rental on its own portfolio of sites, or through acquisitions under Project Tosaigh.
Approval has been confirmed for approximately 900 Cost Rental homes to be delivered by AHBs under the CREL scheme in the period to 2023. To date, some 293 Cost Rental homes have already been delivered by AHBs at rates which are at least 25% below market equivalents, with the rest to be delivered between now and 2023.
The necessary financial and commercial arrangements in relation to a number of these projects are being completed by the AHBs concerned and full details will be made public as arrangements are concluded. Opportunities for the development of Cost Rental homes are managed as they arise by the individual providers.
Local authorities have been asked to begin collating information on delivery of affordable homes in their area in the same manner as is currently undertaken for social housing. It is intended that information on delivery across all delivery streams will be gathered by my Department and I expect that my Department will be in a position to begin reporting on affordable delivery in national quarterly statistics later this year.
