Written answers

Wednesday, 29 September 2021

Department of Housing, Planning, and Local Government

Housing Provision

Photo of Violet-Anne WynneViolet-Anne Wynne (Clare, Sinn Fein)
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110. To ask the Minister for Housing, Planning, and Local Government the average cost to the Exchequer of a social home delivered through the Housing Agency's €70 million vacant homes acquisition fund over the 12-month period leading up to August 2021. [47021/21]

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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An acquisitions fund of €70 million, which is a revolving fund was established with effect from 1 January 2017 with the objective of acquiring some 1,600 units over the period to 2021 for social housing use.  This has enabled the Housing Agency to actively engage with banks and investment companies in relation to the acquisition of vacant properties. The fund is replenished by the Housing Agency through the sale of units primarily to the Approved Housing Body (AHB) sector which are utilising the Capital Advance Leasing Facility (CALF) and the funds received are then recycled back into the fund for future acquisitions. 

To the end of June 2021, the Housing Agency had assigned 817 properties acquired using the Fund to AHBs for social housing use.  Of this number, 54 properties were assigned to AHBs in the period 1 July 2020 to 30 June 2021, with an average spend per unit of €223,241.

Statistics for Q3 2021 are currently being collated and will be published in due course.

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