Dáil Éireann Debate, Tuesday - 8 October 2024
261. Deputy Jim O'Callaghan asked the Minister for Housing, Local Government and Heritage the estimated cost to the Exchequer of increasing new build social housing delivery above current targets per 250-unit increments based on current delivery composition per assisted housing body and local authorities, in tabular form. [40267/24]
Amharc ar fhreagraHousing for All is the Government’s plan to increase the supply of housing to an average of 33,000 per year over the next decade. This includes an average of 10,000 new build social homes each year in the period to 2030. Housing for All is supported by an investment package of over €4bn per annum, through an overall combination of €12bn in direct Exchequer funding, €3.5bn in funding through the Land Development Agency and €5bn funding through the Housing Finance Agency.
Under Housing for All, the Government will deliver 47,600 new build social homes; 3,500 social homes through long-term leasing and 28,500 new affordable homes in the period 2022-2026. Increased delivery of social housing is a key Housing for All objective and is supported through a range of funding streams delivered via local authorities and Approved Housing Bodies (AHBs). The number of completed new build social homes, and the number in the pipeline, continues to grow year-on-year, with new construction projects added to the pipeline regularly.
My Department assesses, approves and records local authority social housing delivery on a project basis. In order to provide an appropriate benchmark to use as tool to inform the development and costing of scheme designs at capital appraisal stage, my Department periodically issues Basic Unit Costs (BUCs), for each local authority area.
To monitor tender cost trends and to inform BUC levels, my Department analyses the tender data for the construction cost element of new build schemes approved under the four stage approval processes for each unit type, where sufficient information is available to allow such costs to be extrapolated and where the information available is appropriate for comparison purposes.
The figures below are based on the BUCs and set out the estimated cost of new build social homes delivered via the Social Housing Investment Programme (SHIP) in increments of 250 homes. Data from the Capital Assistance Scheme or Capital Advance Lease Facility, or Part V delivery is not included.
|
No. Units |
Estimated Cost New Build SHIP Construction |
Estimated Cost New Build SHIP Turnkey |
|
250 |
€107,831,315 |
€79,344,665 |
|
500 |
€215,662,630 |
€158,689,330 |
|
750 |
€323,493,945 |
€238,033,994 |
|
1,000 |
€431,325,260 |
€317,378,659 |
