Eoin Ó Broin
Question:209. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the average cost to the Exchequer of the affordable homes delivered with the Affordable Housing Fund in 2022. [22272/23]
View answerThursday, 11 May 2023
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With 2022 representing the first full year of delivery under the affordable housing schemes introduced in the Affordable Housing Act 2021, local authorities have begun to submit data returns and information on delivery of affordable homes in their area to my Department, in the same manner as is done for social housing.
Delivery of affordable units by local authorities with assistance under the Affordable Housing Fund (AHF) during 2022 is set out in the statistical data based on local authority returns as published last month on my Department's website at the following link: www.gov.ie/en/collection/6060e-overall-social-housing-provision/#affordable-housing-delivery
A total of 373 homes were delivered by local authorities with AHF assistance during 2022 as affordable homes for purchase or for cost rental by eligible applicants.
Cost information on the delivery of affordable homes through the various construction streams, is collated at development/project level rather than at individual housing unit level.
The cost of delivering new homes is dependent on a range of variables, such as the location, the scale of the development and the size and type of the homes involved.
In addition, the level of subvention provided under the AHF towards the capital cost of an affordable housing scheme varies having regard to factors such as density of affordable units per hectare achieved and the location of the development.
Subventions ranging from €50,000 to €150,000 are provided for under the AHF, with the Exchequer cost representing 95% of the subvention and the remaining 5% coming from a Local Authority contribution. Housing delivery being supported by funding approved originally under the earlier Serviced Sites Fund is also progressing with funding comprised of 89% Exchequer contribution matched by an 11% Local Authority contribution.
For the 373 units delivered in 2022, the average Exchequer cost commitment per unit is €64,919.