Oireachtas Joint and Select Committees
Tuesday, 22 March 2022
Joint Oireachtas Committee on Housing, Planning and Local Government
Social and Affordable Housing: Discussion
John 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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