Written answers

Thursday, 7 December 2023

Department of Housing, Planning, and Local Government

Housing Provision

Photo of Barry CowenBarry Cowen (Laois-Offaly, Fianna Fail)
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52. To ask the Minister for Housing, Planning, and Local Government the funding available to support the delivery of social homes in 2024; and if he will make a statement on the matter. [53934/23]

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail)
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Housing for All is the Government’s plan to increase the supply of housing to an average of 33,000 per year over the next decade and is the first multi-annual fully funded housing plan in the history of the State. The Plan is supported by an investment package of over €4 billion per annum, through an overall combination of €12 billion in direct Exchequer funding, €3.5 billion investment through the Land Development Agency (LDA) and €5 billion lending through the Housing Finance Agency (HFA).

Budget 2024 again provides record levels of investment by this Government to support housing delivery and the continued implementation of Housing for All. The total Exchequer funding being made available for the delivery of housing programmes is €4.1 billion, comprising Capital funding of €2.6 billion and Current funding of €1.5 billion.

The Capital provision of €2.6 billion will be supplemented by LDA investment of €978 million and HFA lending of €1.5 billion, resulting in an overall capital provision of €5.1 billion.

The 2024 funding provision will support over 28,000 additional households in 2024, through meeting the social housing needs of almost 22,000 households, including 9,300 new build social homes and supporting a further 6,400 households to buy or rent at an affordable price.

Detailed information in respect of the Housing elements of Budget 2024 are set out in the 2024 Expenditure Measures Report, which is available at the following link: gov.ie - Budget 2024: Expenditure Reports (www.gov.ie)

The Revised Estimates Volume for the Public Service (REV) will be published in the coming days and will set out the final detail on the 2024 subhead allocations for the Housing programmes, taking into account both the programme level allocations announced in Budget 2024 and any additions that may arise.

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