Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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1187.To ask the Minister for Housing, Planning, and Local Government the full-year cost to increase the house building targets to 56,000 per annum, in line with the recommendations from the Housing Commission; and if he will make a statement on the matter. [33421/24]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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Housing for All seeks to deliver an average of 33,000 new homes for each year of the plan. The Department of Finance estimates the current cost of delivering these homes is around €13.6 billion per year.

A recent update to these figures, by the Department of Finance, estimates the cost of delivering an increased average of 50,000 per year would be around €20.3 billion.

Costings for the delivery of an average of 56,000 new homes are not available. A revised costing exercise will be undertaken in the context of the revised Housing for All supply targets in the coming months.

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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1188.To ask the Minister for Housing, Planning, and Local Government to estimate the total cost and the per-annum cost of increasing the number of social homes to 20% of the total number of all homes over the next five years (allowing for overall housing output to increase to 56,000 units per annum, as per the Housing Commission recommended targets); the estimated full-year cost in year one of this project; and if he will make a statement on the matter. [33422/24]

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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1189.To ask the Minister for Housing, Planning, and Local Government the estimated full-year additional cost in 2025 and each of the following four years (2026, 2027, 2028, 2029) of doubling the existing Housing for All targets for social, cost rental and affordable purchase homes respectively, setting out the Government’s own projected estimates for the costs of delivering on the current targets for Housing for All for each housing type, per unit and per year; to provide the cost estimates, in tabular form; and if he will make a statement on the matter. [33424/24]

Darragh O'Brien (Dublin Fingal, Fianna Fail)
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I propose to take Questions Nos. 1188 and 1189 together.

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 annual targets include the delivery of 90,000 new social homes, 36,000 new affordable purchase homes and 18,000 cost rental homes.

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).

A review and refresh of housing targets is currently underway and will be completed with revised targets to be published in the autumn.

Work will continue over the coming months to finalise the targets and will include cross-Government consideration of the capacity and financing to deliver increased housing targets, along with important policy imperatives such as the mix of social, affordable and private housing to be delivered.