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Wednesday, May 18, 2022

Revealed: How many affordable homes will be built in each county in a year

Dublin’s commuter belt counties will see fewer than 50 affordable homes delivered each year to first-time buyers, data obtained by the Irish Independent shows.

The low-pressure commuter counties of Kildare, Wicklow, Meath, Louth, Westmeath and Laos will see only a “small” number of affordable purchase homes being built between now and 2026 as part of the government’s goals,

And every year less than 1,400 affordable homes will be delivered by the state in our cities.

The vast majority – more than 1,000 – will be in Dublin, with only 256 homes to be built in the other four cities over the next four years.

The government’s multi-billion Housing for All plan promises that 18 councils will use state-owned land to build 7,550 affordable purchase houses.

However, the data obtained by Irish independent Turns out that Meath and Wicklow will only see 30 homes built each year.

In Kildare and Louth, only 45 homes will be built in each county, while only eight affordable homes will be built in Laois and 15 homes in Westmeath.

Under the fund, 113 houses will be built per year in Cork, 53 in Limerick, 75 in Galway and 15 in Waterford.

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Architect and housing policy analyst Mel Reynolds described the government’s housing goals as “small”.

That said, even if the number of homes delivered through cheap purchase had doubled in Dublin last year, it would still mean only a few hundred homes, he said.

“The problem I’ll have with any state building” [of homes] Is this not happening effectively at all.

He added that the houses would probably be “purchased from the private sector and subsidized, and not built on state land and sold to buyers”. “This is one way to do this, perhaps at least cost-effective, especially in high-cost areas like Dublin, Cork and Galway.”

The AHF (Affordable Housing Funding) scheme aims to help first time buyers who struggle to obtain a traditional mortgage, buy a home.

It aims to provide homes at a low purchase price of approximately €250,000 across the country.

A subsidy of up to €100,000 is provided by the local authority for the cost of the house with the council holding up to 30pc of the house.

The homeowner can then choose to buy at a later date, or the local authority will redeem it when the home is sold or moved.

Sinn Féin TD Eoin A. Broin, who obtained the figures via parliamentary question, said they show the government is “not serious about tackling the affordable housing crisis”.

“The best way to deliver good quality affordable homes in large quantities is through local authorities and approved housing bodies.

“Despite the fact, [Housing Minister] Darragh O’Brien is only financing a small amount of really affordable homes to buy.

“We need at least 4,000 affordable purchase houses a year and the government is not proposing even half of it. Instead they will hand out huge amounts to big developers to deliver higher priced homes. ,

Homes mortgaged under the fund do not include housing acquired through Part 5 agreements, where the state receives a portion of the increase in land value in return for granting planning permission for residential development.

A total of 36,000 affordable purchase homes and 18,000 cost rentals have been promised under Housing for All.

From now till 2026, more than 28,000 affordable houses will be built, other affordable buy and cost rental homes will also be developed by approved housing bodies and land development agency LDA.

World Nation News Deskhttps://www.worldnationnews.com
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