Dáil Éireann Debate, Thursday - 15 January 2026
390. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the average cost of affordable homes delivered in 2025 broken down by delivery stream, including cost rental equity loan, affordable purchase scheme and Local Development Agency, LDA, cost rental. [3004/26]
View answerSpecific delivery costs per unit are variable and differ between both the affordable schemes themselves and for individual developments delivered under the same scheme, given differing typologies, locations and layouts.
The maximum funding available to Approved Housing Bodies under the Cost Rental Equity Loan (CREL) scheme is 55% of the capital costs, split between a CREL loan of up to 35% and equity of up to 20%. The average cost to the Exchequer for delivery of homes with CREL support, which were approved in 2025, was approximately €222,788 per home.
In addition, the Affordable Housing Fund (AHF) subsidy is available to local authorities as a direct subvention on local authority housing development costs at rates of €50,000, €75,000, €100,000, and €150,000 per affordable home depending on (a) the density of housing units per hectare on the development, and (b) where the development is located. The average AHF subsidy per home in 2024 was €77,413 of which €73,540 per unit (95%) is payable from Exchequer funds with the balance (5%) being contributed directly by the relevant local authority. Average costs for 2025 will be calculated when delivery figures for Q4 2025 are published.
Furthermore, Land Development Agency delivery of cost rental can be supported by the Secure Tenancy Affordable Rental (STAR) Scheme, with the average equity investment in 2025 being €119,139 per cost rental home.
