I propose to take Questions Nos. 629 to 636, inclusive, together.
The 2026 Social Housing Second Hand Acquisitions Programme was rolled out by my Department in February this year, with some €373 million available for draw down to progress urgent acquisitions and support households in the most precarious housing situations.
Critically, such acquisitions are available to local authorities as a last resort when all other options have been exhausted. They will never be the sole, or even the primary, option. The default first options should almost always be securing the sustainment of the tenancy with the landlord, securing alternative accommodation through the Tenancy Sustainment and Placefinder services, or allocating a local authority or Approved Housing Body (AHB) tenancy via a new build home or re-let.
Accordingly, in a notable change under the 2026 programme, tenant in situ acquisitions are not permitted where the tenants in question have refused offers of alternative accommodation from their local authority. Given tenant in situ acquisitions should only be progressed as a last resort, where alternative accommodation is available, and has been offered to a HAP or RAS tenant, the acquisition of a private rented home cannot be a last resort option and will not be supported under the programme.
A breakdown of the funding available this year, per programme priority, and a comparison with the funding drawn down under the corresponding priorities in 2025 is set out in the table below.
|
Priority Category
|
Allocation 2026
|
%
|
Drawdown 2025
|
%
|
|
Exits from Homelessness
|
€150 million
|
40%
|
€67 million
|
23%
|
|
AHB Priority Delivery Acquisitions
|
€50 million
|
14%
|
€15 million
|
5%
|
|
LA Priority Acquisitions
|
€157 Million
|
42%
|
€188 million
|
65%
|
|
Contingency
|
€16 million
|
4%
|
N/A
|
N/A
|
|
Buy and Renew Tackling Vacancy
|
Managed via dedicated scheme in 2026
|
0%
|
€19 million
|
7%
|
While there is sufficient funding available this year to support at least 1,000 second hand acquisitions, no targets have been set for any of the programme priorities. Rather, the funding available provides local authorities scope to progress acquisitions for urgent cases, where all other options have been exhausted.
It is too early to determine how much of the available funding will be drawn down by local authorities this year, but there is more than adequate funding available to meet any, and all, urgent acquisitions that can be progressed, completed and drawn down by local authorities in 2026. That said, a €16 million contingency fund has been retained and can be accessed by those local authorities that have drawn down at least 75% of their initial allocation and have capacity to complete further acquisitions and draw down funding from my Department this year. This contingency is available for acquisitions across the three priority categories, though acquisitions supporting exits from homelessness will be prioritised.
Moreover, local authorities may commit up to the value of 30% of their base 2026 allocations (some €85 million or so) for acquisitions that will complete or drawdown funding in 2027. This effectively establishes the programme on a multiannual basis and facilitates local authorities and AHBs to plan and progress acquisitions from one year to the next with a higher level of certainty vis-à-vis future funding availability. Accordingly, it ensures eligible acquisitions commenced in the later months of this year can continue to progress with certainty that funding will be available to meet eligible costs arising next year.
With more than 17,000 households availing of emergency homeless services, this year's programme is prioritising acquisitions that will help exit households from homeless accommodation into permanent homes. To this end, €150 million has been ringfenced and allocated, in the first instance, to the 11 local authorities with the greatest number of families (with children) in homeless accommodation for extended periods of time. The remaining local authorities may draw on their respective LA Priority Acquisitions allocations to progress purchases for homeless households. Additional funding can also be accessed through the contingency fund for this purpose.
Ultimately, the delivery of new additional social homes is the only strategic solution to address long-term homelessness, with allocations from new and existing local authority and AHB social homes the primary means through which social housing qualified households should be accommodated. Accordingly, demand for acquisitions, supported at elevated levels by the Exchequer since 2023, should continue to taper off as a greater number of new homes comes on stream. Notably, a record number of new build social homes was delivered in 2025, and this is expected to increase further in 2026.
A rudimentary analysis of the ratio of new build homes delivered to second hand homes acquired was undertaken by my Department earlier this year. It showed a large disparity between local authorities, with 18 new builds per acquisition at one end, and two new builds per acquisition at the lower end. That said, there may be many factors contributing to the difference across local authorities. A full analysis of these factors and their potential impact on output across authorities was not undertaken.
An allocation of €50 million has also been ringfenced for priority acquisitions for persons with disabilities, older persons and care leavers requiring urgent housing responses. A dedicated, ringfenced allocation per local authority area ensures funding will be available to AHBs to acquire homes for the most vulnerable cohorts throughout the year. This allocation, which had some regard to the level of such acquisitions across local authorities in previous years, can be accessed by AHBs per the standard arrangements under my Departments Capital Assistance Scheme.
A further €157 million is available to local authorities to support acquisitions across each of the priority categories as required, including for exits from homelessness, persons with disabilities, older persons and care leavers, and tenancy sustainment via tenant in situ acquisitions.
Ultimately, local authorities have delegated sanction to progress any such acquisition without recourse to my Department where the cost does not exceed the Department's Acquisition Cost Guidelines. The guidelines reference lower and upper acquisition cost ranges, as well as average benchmark costs, and reflect the prevailing range of prices across local authorities at the time of issue, thereby ensuring value for money for the State's investment. That said, they are not ceilings or limits, but benchmarks. My Department will consider acquisition proposals, on a case-by-case basis, where the cost of acquiring the property exceeds the guidelines. The guidelines are issued annually and updated guidance is expected to issue in near future.