Written answers

Tuesday, 3 July 2018

Department of Housing, Planning, and Local Government

Housing Agency Data

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
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552. To ask the Minister for Housing, Planning, and Local Government the details of the €70 million rolling Housing Agency fund; the number of units delivered in the past 12 months; and the average cost for each unit. [28877/18]

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael)
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Under Actions 1.1, 2.5 and 5.6 of the Rebuilding Ireland Action Plan for Housing and Homelessness,the Housing Agency is actively engaged with banks and investment companies in relation to its acquisitions programme. An Acquisitions Fund of €70m, which is a revolving fund, has been established with the objective of acquiring some 1,600 homes over the period to 2020 for social housing use.

Since the Fund was established, the Agency has had bids accepted on 645 properties. Contracts have been signed for 454 units and 404 of these purchases have closed. The process of selling properties on to Approved Housing Bodies is underway. Since the Fund was established, the Agency has signed purchase option agreements for 238 properties with Approved Housing Bodies and these units are now under Caretaker Leases. To date, the onward sale of 132 units to AHBs have been completed in full and the Agency has received €27.7m from AHBs for these units. The average cost per unit of the homes purchased to date is €178,651.

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