Eoin Ó Broin
Ceist:98. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage to provide an update on the delivery of cost rental homes in Oscar Traynor Road and O'Devaney Gardens. [37054/24]
Amharc ar fhreagraThursday, 19 September 2024
Ceisteanna (98)
Freagraí scríofa
Cost Rental housing represents a key element of affordable housing delivery under the Government's Housing For All strategy, which is being achieved through collaboration with a range of delivery partners including Local Authorities, Approved Housing Bodies, and the Land Development Agency.
In relation to the O'Devaney Gardens and Oscar Traynor Road, my Department has approved funding for the acquisition of cost rental homes under our Cost Rental Equity Loan (CREL) scheme, which can fund up to 55% of capital costs through a combination of long-term, low-interest loan financing and an equity investment in the properties.
In both cases, the provision of Cost Rental homes on these sites will contribute to sustainable mixed-tenure communities in these new developments, alongside social housing and some affordable purchase homes also supported by my Department.
Since the delivery partners involved in these Cost Rental projects are still finalising the delivery arrangements for these homes, it is not appropriate to provide further details at this time. However, full details of the Cost Rental homes will be announced in due course, closer to the time of delivery.