Oireachtas Joint and Select Committees

Thursday, 21 September 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

Cost Rental Tenant In Situ Scheme: Minister for Housing, Local Government and Heritage

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

The tenantin situscheme has been very successful so far by any fair estimation. I will give the most up-to-date figures I have. More than 800 sales have concluded completely. That is not just sale agreed but closed. We have approximately another 1,300 that are sale agreed and going through the conveyancing process. That conveyancing process has to happen. I project that, this year, we could spend €300 million on the tenantin situscheme, housing assistance payments, HAP, the rental accommodation scheme, RAS, and tenants on the social housing list. I intend to extend it into next year.

On cost-rental tenant in situ, as the Senator knows, I have made changes to cost rental in general, with a threshold of €66,000 net income for Dublin and €59,000 elsewhere. We brought in the secure tenancy affordable scheme, STAR, which is in place now and will unlock much more cost rental right across our cities. That is happening. To answer the Senator's question about the number of cost-rental cases, there are actually a little more than she would have seen in the opening statement. We have approximately 139 cases in play across 29 local authorities. That is for cost rental for people above the social housing limits. We estimate that we spent €10.25 million on this. I expect that we will spend €24 million on cost rental alone under this specific scheme.

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