Dáil Éireann Debate, Tuesday - 15 October 2024
363. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage for a breakdown of the €245 million for the cost rental equity loan allocated in Budget 2025; if this is all capital funding; and if it includes the equity funding piece. [41261/24]
Amharc ar fhreagraUnder Budget 2025, announced on 1 October, my Department was allocated an overall budget package of over €7.9 billon, comprising €4.5 billion capital and €3.4 billon current funding. Full details are available online at:
www.gov.ie/en/publication/3ab46-budget-2025-expenditure-reports/ .
As part of this, the Cost Rental Equity Loan (CREL) scheme has a provisional sub-allocation of €300m capital funding. This figure includes both the loan and State equity investment elements of CREL.
The AHB Cost Rental homes to be funded under CREL will also be supported by loan financing from the Housing Finance Agency, which has been allocated €1.65bn under Budget 2025.
It should be noted that the figures in the Budget Expenditure Reports are provisional allocations and may be subject to change in the Revised Estimates Volume to be published in December.
