Oireachtas Joint and Select Committees

Tuesday, 11 December 2018

Select Committee on Housing, Planning and Local Government

Estimates for Public Services 2018
Vote 34 - Housing, Planning and Local Government (Supplementary)

6:30 pm

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

Regarding leasing underperformance, the cost of acquisition per unit is much more significant, on a single year basis, than leasing. There were 2,000 leases in this year's targets and there are just over 2,000 in next year's targets as well. We have not seen the figures, and we will wait until they have been published, but only about 250 leased units were delivered midway through this year. If there is to be a significant shortfall in leases and if acquisitions are to fill that gap, that will result in a major difference in the cost this year. I also presume if leasing is underperforming this year that there is a chance that might affect the distribution of the targets for social housing output between build, acquisition and leasing for next year. Is that the case or is it too early for that decision to be made for the 2019 targets? While the Minister cannot give us the end of year figures, because he does not have them yet, are we looking at leasing being badly off the target of 2,000 at this stage?

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