Oireachtas Joint and Select Committees

Tuesday, 15 July 2025

Select Committee on Housing, Local Government and Heritage

Estimates for Public Services 2025
Vote 16 - Tailte Éireann (Revised)
Vote 23 - An Coimisiún Toghcháin (Revised)
Vote 34 - Department of Housing, Local Government and Heritage (Revised)

2:00 am

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

Sure. It is about the same as where we were the year before but the Minister is correct on that. Regarding the cost rental equity loan scheme, CREL and the affordable housing fund, the outturn last year was €761 million and what we have here is €750 million, so there is an €11 million shortfall. We know that, particularly with CREL, the cost of the units is significantly higher. That is why in the Supplementary Estimates the scheme is being given an extra €265 million. My concern is that the Department is 1,500 units shy of its cost rental and affordable housing fund purchase targets last year. In real terms, there will have to be additional capital later in the year, if the Department is to meet the target, which is about 4,400 cost rental and affordable purchase units in the Government's current housing plan. More money will be needed because the cost of delivering units, be they new-build social, turnkey social or new-build affordable or turnkey affordable, is going up. Currently there is a gap and if the Department is to meet its targets, it will need to fill this gap in affordable housing. Am I wrong?

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