Darragh O'Brien (Dublin Fingal, Fianna Fail)
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1418. To ask the Minister for Housing, Planning, and Local Government when the affordable dwellings fund will be established under Part 5 of the Housing (Miscellaneous Provisions) Act 2009; and if he will make a statement on the matter. [36877/18]

Eoghan Murphy (Dublin Bay South, Fine Gael)
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As I outlined in my reply to Parliamentary Question No. 2642 of 24 July 2018, I commenced the relevant provisions of the Housing (Miscellaneous Provisions) Act 2009, the effect of which was to place the new scheme for affordable purchase on a statutory footing.

Among the provisions commenced, Section 94 provides for the establishment of an Affordable Dwellings Fund to finance the operation of the affordable dwelling purchase arrangements. Housing authorities will pay into the fund monies received from affordable dwelling purchasers in the form of payments made during the charged period, on expiration of the charged period, on resale of the dwelling within the charged period, and monies received, before the coming into operation of this Part, under clawback arrangements for dwellings sold under previous affordable purchase schemes.

The section also provides that the Fund will be managed by the Housing Finance Agency, who may advance monies from the Fund to housing authorities for housing support purposes under this Act.

My Department has met with the Housing Finance Agency with regard to the establishment and operation of the Fund, and are continuing to consider the optimal arrangements in advance of the Fund needing to be operational.