Thomas Gould
Ceist:75. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage for an update on upcoming cost rental schemes in Cork city and county. [6891/24]
Amharc ar fhreagraThursday, 15 February 2024
Ceisteanna (75)
Freagraí scríofa
Cost rental is a new form of tenure which was introduced under the Affordable Housing Act 2021, where rents are set only to cover the cost of financing, building, managing and maintaining the homes. The Housing for All strategy commits to delivering a total of 18,000 Cost Rental homes over the period to 2030, and significant funding is being made available to support provision by Approved Housing Bodies (AHBs), local authorities, the Land Development Agency (LDA), and now also private providers under the new Secure Tenancy Affordable Rental (STAR) investment scheme.
I am pleased to announce that AHBs delivered 105 cost rental homes in Cork City. I have also approved 5 affordable housing projects in Cork County to assist with the delivery of 111 cost rental homes, through the Affordable Housing Fund (AHF). Additionally, the LDA, via Project Tosaigh, are advancing the delivery of over 300 homes in Cork City that are scheduled for delivery in 2025. I understand that consideration is being given to the mix of cost rental and purchase homes within the development.
My Department and I continue to work closely with the relevant partners to further develop their pipeline for delivery of cost rental homes nationally, including Cork city and county.