Ivana Bacik
Ceist:726. Deputy Ivana Bacik asked the Minister for Housing, Local Government and Heritage the first and full-cost of the social units purchased on the Glass Bottle Site on the Poolbeg west SDZ. [40008/26]
Amharc ar fhreagraTuesday, 26 May 2026
Ceisteanna (726)
Freagraí scríofa
My Department operates a number of funding programmes that assist local authorities to work in partnership with Approved Housing Bodies (AHBs) to construct and purchase new homes and make them available for social housing. One such programme that local authorities and AHBs progress Social Housing projects through is the Capital Advance Leasing Facility (CALF).
CALF funding is capital support provided to Approved Housing Bodies (AHBs) by local authorities to facilitate the funding of construction or purchase of new social housing units. This loan facility can support between 25% and 30% of the eligible capital cost of the housing project, with the remaining finance sourced by the AHBs from private lenders (usually the Housing Finance Agency (HFA)).
The housing units are provided to local authorities for social housing use under long-term lease arrangements known as Payment and Availability Agreements. A nominal interest rate of 2% fixed per annum is charged by the local authority on the initial capital amount. Repayments on either the capital or interest are not required during the term of the loan (between 10 and 30 years), although where an AHB chooses to, repayments can be made during the term. At the end of the term, the outstanding capital amount plus the interest accrued, is owed and repayable to the local authority. The local authority issues the CALF monies to the AHB and the local authority, in turn, recoups same from the Department.
In relation to the specific housing development mentioned in your correspondence, the Glass Bottle Site, my Department received and approved an application for CALF funding for 176 Part V units in March 2026. Dublin City Council and an Approved housing body have entered into an agreement to purchase these Part V units. Any agreement on Part V arrangements is a matter for the local authorities.