Dáil debates

Wednesday, 28 September 2022

Ceisteanna Eile - Other Questions

Housing Provision

11:40 am

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

I thank Deputy Ward for his question. The Deputy will be aware I brought in a new affordable housing fund last year to directly assist local authorities to bring forward affordable homes such as in Kilcarbery. Approximately €125 million in funding has already been approved to support the development of nearly 1,800 homes for affordable purchase.

Another five schemes that will deliver a further 270 homes are under assessment. I hope to dispose of them in the next couple of weeks. I have also approved funding of over €90 million for more than 900 cost homes to be delivered by approved housing bodies under the cost-rental equity loan, CREL, scheme. Further applications have come in since we made the changes to CREL last week.

On the affordable housing supports my Department has made available, I am happy to advise that South Dublin County Council has confirmed it is delivering 16 homes in Kilcarbery under an affordable purchase scheme. Kilcarbery Grange is a mixed-tenure development that will deliver 74 cost-rental homes, 16 affordable purchase homes and 310 much-needed social homes. The 16 affordable purchase homes were supported by over €1.1 million in funding from the affordable housing fund and, following an application process, have already been assigned to successful applicants. It is good to see that there are people who will be buying homes at an affordable rate under this fund. The affordable purchase price of these homes will be linked to the applicants income and mortgage capacity. For these three-bedroom homes, the minimum purchase price will be €245,600 and the maximum will be €285,300. This represents a discount of at least 22% on comparable market values in the area. Separately, the 74 cost-rental homes in Kilcarbery Grange that will be delivered by Tuath using €6.3 million provided using the affordable housing fund and CREL funding have now been tenanted. I have visited the estate. Cost rents are set at €1,025 for one-bedroom apartments and €1,229 for two-bedroom apartments. These rents are at a discount of 32% on the market value, with long-term, safe and secure tenure backed by the State.

Comments

No comments

Log in or join to post a public comment.