Written answers
Wednesday, 17 February 2021
Department of Housing, Planning, and Local Government
Social and Affordable Housing
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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254. To ask the Minister for Housing, Planning, and Local Government the details of the 390 cost rental units announced on 8 February 2021; the location of the units; the typologies of the units; the rent to be charged on the units; if these units are in turnkey developments that were already in the respective approved housing bodies social housing pipeline; and if not, if they are additional units to that pipeline. [7954/21]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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Budget 2021 allocated €35m for a new Cost Rental Equity Loan (CREL) scheme, under which the Government will make loans on favourable terms to Approved Housing Bodies (AHBs) for up to 30% of the cost of new homes for Cost Rental. A Call for Proposals from AHBs opened on 14 December 2020 and closed on 5 January 2021. Applications were then competitively assessed by my Department and the Housing Agency. On 8 February 2021, I gave approval in principle under the CREL scheme for the development this year of 390 new homes by the Clúid, Respond and Tuath AHBs. These new homes are located in Dublin, the Greater Dublin Area, and Cork, with cost-covering rents projected to be at least 25% below comparable open market prices. Precise details, including locations, will be released when the AHBs have completed commercial arrangements.
The Call for Proposals for the CREL scheme included a strict condition that properties must not have been submitted for funding under the Payment and Availability Agreement, the Capital Assistance Scheme, or any of the Department's other social housing funding mechanisms. The homes to be used for Cost Rental under the CREL scheme are therefore not part of the respective AHBs' social housing pipelines.
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