Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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376. To ask the Minister for Housing, Planning, and Local Government the number of cost rental homes he expects to be delivered via the cost rental equity loan in 2022; and the number of affordable purchase homes he expects to be delivered via the Affordable Housing Fund in 2022. [23357/22]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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The Housing for All Strategy delivers on the Programme for Government commitment to step up housing supply and put affordability at the heart of the housing system, with an ambitious target of 300,000 homes over the next decade for social, affordable and cost rental, private rental and private ownership housing. 54,000 affordable home interventions will be delivered between now and 2030 to be facilitated by local authorities, Approved Housing Bodies, the Land Development Agency and through a strategic partnership between the State and retail banks.

Under this strategy, approximately 10,000 Cost Rental homes will be delivered from 2021 to 2026 by Approved Housing Bodies (AHBs), Local Authorities and the Land Development Agency (LDA). AHBs will be supported by Cost Rental Equity Loan (CREL) funding and Local Authorities will be able to avail of funding for Cost Rental delivery through the Affordable Housing Fund, formerly the Serviced Sites Fund. The LDA will also deliver Cost Rental on its own portfolio of sites or through acquisitions under Project Tosaigh.

Approval in principle was confirmed for approximately 900 Cost Rental homes to be delivered by AHBs under the CREL scheme over the period 2021-2023. The necessary financial and commercial arrangements in relation to a number of these projects are being completed by the AHBs concerned. When these arrangements are concluded, full details of the projects, including specific locations, housing typologies and cost-covering rents, will be made public. As matters stand, addition to the 65 delivered in 2021, AHBs have indicated that over 500 of these homes approved for CREL funding will be delivered in 2022 with the remainder due for completion in 2023.

The first 65 CREL-funded Cost Rental homes were tenanted by the Clúid AHB in 2021, with 25 at Taylor Hill in Balbriggan and a further 40 at Barnhall Meadows in Leixlip. Both developments delivered cost-covering rents at least 40% below comparable open-market prices.

This year, tenants have been selected by the Tuath AHB for 44 Cost Rental homes at Parklands, Citywest. These are two-bedroom apartments and two-bedroom duplexes, with starting cost rents projected to range from €1,200 to €1,300, representing a discount of approximately 30% on comparable market rents in the area.

A further 74 Cost Rental units will be completed by the Tuath AHB at Kilcarbery Grange, Clondalkin this year and an additional 16 Cost Rental units will be tenanted by Clúid at the Barnhall Meadows project in Leixlip, Co. Kildare. The first phases of schemes in Newcastle, Dublin and in Newbridge, Co. Kildare will see a further 57 new homes completed in Q2 2022.

In relation to Affordable Housing Fund (AHF) supported affordable housing delivery, 50 Cost Rental homes were tenanted last month in Woodside, Enniskerry Road, Stepaside, with rents with approximately 40% below open-market rates for comparable homes in that area.

Local Authority Affordable Purchase homes supported by the AHF will be made available shortly at Boherboy Road in Cork City this month, where 22 two and three-bed dwellings are expected to be delivered at discounts of up to 20% on market value with homes being made available from €218,000 to €243,000. A further 15 units are scheduled to be completed at Boherboy by year end. Cork City Council have also indicated that they will deliver 36 Affordable Purchase homes in Cluain Chaoin, Tower in two phases this year.

39 Affordable Purchase homes will also be delivered at Dun Emer in Lusk, Co Dublin by Fingal County Council in two phases this year. These two and three bed dwellings are expected to be delivered at an average discount of 25% on market values, ranging in price from €166,000 to €258,000.

In addition, South Dublin County Council recently advertised 16 Affordable Purchase homes in Kilcarbery Grange, Clondalkin all to be delivered this year, which will cost between €245,600 and €285,300.

Waterford City and County Council also expect to deliver Affordable Purchase homes at a development in Mount Neil, Carrickphierish by the end of 2022. In addition, a further development at Summerfields, Kilbarry is expected to deliver its first phase in 2022. A pipeline of affordable housing delivery is being developed by local authorities with nine schemes expected to go on site in 2022.

As affordable housing programmes are rolled out, additional affordable housing delivery will be facilitated through the expanded 20% Part V requirement, the introduction of the 'First Home' shared equity scheme, and through the Land Development Agency.