Departmental Funding

Dáil Éireann Debate, Wednesday - 21 April 2021

Wednesday, 21 April 2021

Ceisteanna (819)

Eoin Ó Broin

Ceist:

819. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage the funding mechanism that was provided by his Department to deliver social housing at an address (details supplied) in County Kildare; the amount of funding that was provided; if the funding provided was 100% of the cost of delivering the units; if not, if it was additional financing provided from another source that is, the Housing Finance Agency, a private bank, and so on; to whom this funding was provided; the repayment terms of the funding; when is it due to be paid; and the restrictions on the sale of these properties to the tenants were included as part of the conditions of the funding. [20684/21]

Freagraí scríofa

Minister for Housing, Local Government and Heritage

The social housing scheme referred to in the question was funded under my Department's Capital Loan and Subsidy Scheme (CLSS) and delivered 18 new homes at a cost of €973,191.

The CLSS funding model involved local authorities accessing loan finance from the Housing Finance Agency to support approved housing bodies to deliver new social homes. The loan provided by the Housing Finance Agency to Kildare County Council for the development referred to, is over a 30 year period and is due to expire in February 2026.

Part 3 of the Housing (Miscellaneous Provisions) Act 2014, allows local authorities to sell local authority owned dwellings to existing social housing tenants. The Scheme only provides for the purchase of houses owned by the relevant local authorities and does not extend to houses owned by approved housing bodies as the ownership of these properties remains with them.