Housing Schemes

Tuesday, 25 June 2024

Questions (250)

Eoin Ó Broin

Question:

250. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the total number of applications for the secure tenancies affordable rents fund, by local authority area and number of units per application; the number of applications that have been approved to date; and the amount per unit of accommodation awarded for each approved application. [27244/24]

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Written answers

Minister for Housing, Local Government and Heritage (Deputy Darragh O'Brien)

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 Secure Tenancy Affordable Rental investment scheme (STAR) is intended to bring forward Cost Rental dwellings with the aim of assisting eligible households who are experiencing acute affordability pressures in the private rental sector, particularly in urban centres where prevailing rents are especially high. To date thirty-three applications have been received and the Scheme has the potential to deliver over 4,600 units. Twenty-six applications are for developments in Dublin, while the remaining applications are spread across the following local authority areas (Kildare, Louth, Meath, Westmeath, Limerick City & County and Cork).

I have approved the Housing Agency entering into Cost Rental Investment and Equity Participation Agreements in respect of four applications to date, for the provision of 642 units in total.

A breakdown of the four proposals are provided in the table below.

Local Authority	Number of Units	Approved STAR Funding Per Unit	Total STAR Funding
Fingal County Council	247	€128,000	€31,616,000
Kildare County Council	73	€117,000	€8,540,000
South Dublin County Council	236	€146,000	€34,456,000
Dun Laoghaire – Rathdown County Council	86	€195,000	€16,770,000
Total	642		€91,382,000

426 units of the 642 were delivered in 2023, with associated funding of €59.6m provided. A further 154 units, with associated funding of €19.7m, have been delivered to date in 2024. The remaining 62 units, with associated funding of just over €12m are expected to be delivered before the end of the third quarter.