Michael McGrath (Cork South Central, Fianna Fail)
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141. To ask the Minister for Housing, Planning, Community and Local Government if there is a monetary cap on the purchase price that local authorities can pay for a private dwelling on the open market; if so, the cap amounts for each local authority; and if he will make a statement on the matter. [27869/16]

Simon Coveney (Cork South Central, Fine Gael)
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My Department provides capital funding to local authorities for the acquisition of houses and apartments for social housing use. The parameters applying to local authorities in respect of exchequer funded social housing acquisitions was set out in Circular Housing 24/2015, which is available on my Department’s website at the following link: .

The cost thresholds for such acquisitions were notified to each individual local authority under separate cover for reasons of commercial confidentiality. These thresholds are currently being updated to reflect changes in the market and will be notified shortly to each local authority. While local authorities generally work within these thresholds, they also acquire housing units at costs beyond these amounts, where particular circumstances apply.