Oireachtas Joint and Select Committees

Tuesday, 22 March 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Social and Affordable Housing: Discussion

Photo of John CumminsJohn Cummins (Fine Gael) | Oireachtas source

In my first round, I asked about the mismatch in respect of the €850 million envelope that extends to 2026 in terms of the cost rental. The HFA has an appetite for providing more finance for CREL schemes, and it has estimated for a further €850 million in cost rental finance. As I said, based on the €93 million that is being provided for the 390 cost rental homes and €108 million for the 454 units, that amounts to approximately €238,000 per unit. To provide 2,000 units a year until 2026, one is looking at a multiple of three in regard to the €850 million finance package. Should I take from what Mr. O'Leary said in his original point that the HFA is happy with its envelope and will be able to meet the demand if it was there?

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