Oireachtas Joint and Select Committees

Wednesday, 16 October 2024

Select Committee on Housing, Planning and Local Government

Estimates for Public Services 2024
Vote 34 - Housing, Local Government and Heritage (Supplementary)

5:30 pm

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

We are in a good position this year. We will be coming back to the committee with a supplementary to spend additional money on social housing delivery and the other things we have spoken of. In previous years when there were constraints on expenditure, such as when we had the construction shutdown, and we were not delivering the number of social homes we wanted, we reallocated that money elsewhere.

Next year, overall Government spend on housing is about €6.1 billion on the capital side. That is Exchequer plus LDA plus HFA. Money with regard to capital provision for housing, be it social or affordable, has never been an issue. It goes to the point I made earlier on revised housing targets. We are concluding our work on that with increased targets, as I have said publicly, including in the Dáil to committee members and Government colleagues. That would require additional capital. It is in the budget. The Minister, Deputy Chambers, is clear on that and on what the additional money from Apple will be used for. Housing will be a major element of it, as it was of the dispersal of resources following the sale of AIB shares. I expect additional allocations to housing for next year and we will also need additional private development.

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