Under the Housing for All plan, long term leasing for new entrants is due to end in 2025. Long term leasing targets sought to deliver up to 3,500 social homes from 2022 to 2025, tapering down from 1,300 units in 2022 to 200 units in 2025. The 200 unit target for 2025 is almost fully subscribed.
The Social Housing Current Expenditure Programme (SHCEP) supports the delivery of social housing by providing financial support to local authorities for the leasing of houses and apartments. From a value for money perspective ,long term leasing is deemed to be the least desirable delivery mechanism for social housing. Notwithstanding that however, long term leasing proved to be an effective mechanism for delivery of much needed social homes during the period when capital funding was severely constrained.
Data on social housing leasing expenditure funded by my Department, in respect of all local authorities to end Q3 2024 is published on my Department’s website at the following link:
assets.gov.ie/315558/c2c351c1-8640-4337-8db4-5a396f7d3877.xlsx
Data on social housing leasing delivery, funded by my Department, in respect of all local authorities from 2022 to end Q3 2024 is published on my Department’s website at the following link:
assets.gov.ie/236006/560e860d-13ed-4c4e-8666-58b14746ccad.xlsx
The long term leasing scheme includes properties leased by AHBs directly, leased by local authorities from private owners, Enhanced leasing, and Part V Leasing.
Data for Q4 2024 is currently being compiled and will be available in the coming weeks.