Housing Minister Jan O’Sullivan announces funding of over €250m to LAs from a total budget of €691m

Minister for Housing & Planning Ms Jan O’Sullivan TD today (20 March, 2012) announced details of housing capital allocations to local authorities worth some €251.5 million for 2012. The allocations will support investment under the national regeneration programme, works to improve the standard and energy efficiency of the national social housing stock as well as meeting commitments under existing contracts for delivering social and voluntary houses. A multi- annual capital investment programme for new housing construction projects will be outlined later in the year.

 

Minister O’Sullivan pointed to the fact that the social housing capital budget had declined significantly in recent years. “In managing this decline, the government has protected to the maximum extent the budgets for homelessness, regeneration, and grants for the elderly and the disabled. With the economic crisis and restrictions on government borrowing, the government has to provide social housing by other means.”

 

The Minister went on to note that she had some €691m available to her in capital and current funding to support a broad range of measures under the Social Housing Investment Programme for 2012. Of this, capital funding of €390m is being provided for housing construction, regeneration and improvement works this year, while the current budget will support flexible housing supply models based around the leasing of properties, including properties being made available by NAMA this year.

 

The Minister stated that “at least for the foreseeable future, the days of large capital funded construction projects are over. We need to think anew. The need for social housing is still growing and we need to deliver bigger numbers of social housing in different ways. A good example of this is the Capital Advance Leasing Facility which provides an up-front equity stake of up to 30% of the property value to approved voluntary housing bodies who raise private finance to acquire or build new social housing units, using leasing payments to repay loans in respect of their equity share. This year I’m setting aside €20m to support this important measure. I am confident that across all measures, we will deliver between 3,500 and 4,000 additional social housing units this year. Additionally, investment in improving the social housing stock is expected to make some 1,500 properties, which are vacant at present, available for re-letting this year”

 

The allocations includes some €90m to ensure real progress is made under the ambitious regeneration programmes in Limerick City, Ballymun, in estates and flat complexes in Dublin City and at a number of regional locations. Despite the constraints on the construction programme, we will allocate almost €60m to local authorities this year to fund ongoing construction work and acquisition commitments.

 

Over €50m will be provided to local authorities for improving the standard and energy efficiency of the social housing stock. €18m of this is ring-fenced for improving the energy efficiency of older stock, with a particular focus on bringing vacant stock back into productive use.

 

Apart from the regeneration and some special needs housing including Traveller specifc accommodation, the 2012 allocations do not include funding for new construction projects. “I intend to announce a three-year programme of new construction projects later this year, covering the period to end 2014, based on the response by local authorities to my Department’s request for a prioritised list of projects with a focus on meeting specific categories of need, including people with a disability. I need to caution that this will be a limited programme taking due account of the current financial constraints under which we must all operate”.

 

Appendix 1 attached, sets out the capital allocations to local authorities for 2012, broken down between housing supply contract and measures to improve the national social housing stock, including through regeneration.

 

APPENDIX 1




Local Authority
Housing Supply Improving the Housing Stock (incl Regeneration)
Carlow €2,100,000 €265,849
Cavan €986,000 €485,396
Clare €3,500,000 €1,809,833
Cork County* €4,600,000 €2,057,456
Cork City €3,562,000 €13,432,750
Dun Laoghaire Rathdown €3,593,150 €807,000
Donegal €2,300,000 €699,022
Dublin City €12,050,000 €50,088,150
Fingal €6,400,000 €664,169
Galway County €1,450,000 €550,750
Galway City* €1,660,000 €309,614
Kerry €1,623,249 €5,523,332
Kildare €3,980,000 €2,030,555
Kilkenny €4,860,000 €497,048
Laois €700,000 €322,574
Leitrim €375,000 €916,130
Limerick County €1,484,400 €1,475,569
Limerick City €3,600,000 €28,175,000
Longford €1,500,000 €878,020
Louth €8,450,000 €2,836,488
Mayo €3,036,850 €573,426
Meath* €1,678,133 €5,381,475
Monaghan €2,000,000 €814,712
Offaly* €1,800,000 €309,691
Roscommon €1,708,587 €487,514
Sligo €4,818,090 €3,416,747
South Dublin €6,150,000 €5,365,846
Tipperary North* €1,589,508 €2,120,000
Tipperary South* €927,641 €3,406,350
Waterford County €2,100,000 €343,606
Waterford City €4,352,240 €1,758,718
Westmeath €3,246,452 €703,739
Wexford €4,485,000 €544,686
Wicklow €4,785,000 €904,000
TOTALS €111,451,300 €139,955,215

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

You must be logged in to post a comment.