Dáil Éireann Debate, Tuesday - 22 October 2024
55. Deputy Ruairí Ó Murchú asked the Minister for Housing, Local Government and Heritage for an update on future plans for the development of cost rental housing units; and if he will make a statement on the matter. [42939/24]
View answerHousing for All commits to delivering a total of 18,000 Cost Rental homes over the period to 2030.
As of Quarter 2 this year, more than 2,180 Cost Rental homes have been delivered since the launch of the new tenure in late 2021, and a very strong pipeline of future delivery is now in place.
The continued development of Cost Rental homes is supported by my Department through a mixture of capital grants, loan financing, and State equity investment, via the Affordable Housing Fund to Local Authorities, the Cost Rental Equity Loan scheme to Approved Housing Bodies, and the Secure Tenancy Affordable Rental investment scheme which supports delivery by private operators. The Land Development Agency also continues to advance its delivery of Cost Rental homes through unlocking planning permissions under Project Tosaigh and by developing its own portfolio of State lands.
All these funding streams and delivery partners are contributing together to deliver new homes into the Cost Rental sector at increasing scale, and this will continue to be supported by the record capital funding for my Department under Budget 2025, including a €3.1bn Exchequer capital allocation for housing schemes.
