Dáil Éireann Debate, Thursday - 9 November 2023
101. Deputy Cormac Devlin asked the Minister for Housing, Local Government and Heritage what funding is being provided for the affordable housing fund in 2024; and if he will make a statement on the matter. [48953/23]
View answerThe Affordable Housing Fund is one of a number of funding streams the Government has made available to support the delivery of affordable housing. The AHF is specifically for the provision of affordable homes by local authorities. An allocation of €100m in capital funding will be provided for AHF for 2024.
The AHF is available to contribute towards the development costs of affordable housing for purchase by affordable housing applicants on a shared equity basis, or for rent under cost rental arrangements.
To date, funding of over €370m has been approved to assist in the delivery of over 4,300 affordable homes from 2022 to 2027 across 20 Local Authorities under the Affordable Housing Fund.
A strong pipeline of projects is being continuously assembled, building on the delivery of 373 affordable homes for purchase or rent by local authorities during 2022, the first full year of delivery since the scheme was provided for under the Affordable Housing Act 2021.
The increase in the AHF allocation in 2024 to €100m reflects the increased affordable housing activity levels now in evidence across the local government sector, which it is anticipated will continue to gather momentum.
Through funds like the AHF the Government is supporting local authorities to put effective affordable housing delivery in place. In combination with the supply of affordable homes by other delivery bodies such as Approved Housing Bodies, the Land Development Agency and via First Home, the AHF assists local authorities to respond to affordable housing need and achieve the ambitious Housing For All target of 54,000 affordable homes by 2030.
