{"id":19451,"date":"2022-10-11T22:02:15","date_gmt":"2022-10-11T22:02:15","guid":{"rendered":"http:\/\/legalblog.ie\/?p=19451"},"modified":"2024-02-01T23:06:39","modified_gmt":"2024-02-01T23:06:39","slug":"19451-2","status":"publish","type":"post","link":"https:\/\/legalblog.ie\/19451-2\/","title":{"rendered":"Housing Policy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_63 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/legalblog.ie\/19451-2\/#Affordable_Housing_Act\" title=\"Affordable Housing Act\">Affordable Housing Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/legalblog.ie\/19451-2\/#Cost_Rental_Supports\" title=\"Cost Rental Supports\">Cost Rental Supports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/legalblog.ie\/19451-2\/#Affordable_Purchase_Equity\" title=\"Affordable Purchase Equity\">Affordable Purchase Equity<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Affordable_Housing_Act\"><\/span>Affordable Housing Act<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Affordable Housing Act 2021 is Act is designed to set the policy framework for a number of schemes aimed at making more affordable homes available for purchase and rent for eligible households. Capital funding to underpin the delivery of homes within these schemes is voted by the Oireachtas in line with Government spending priorities.<\/p>\n<p>The assessment of the quantum of funding required under these schemes over the longer term is informed by the review of the National Development Plan, the upcoming strategic \u2018<em>Housing for All\u2019 <\/em>plan, and the annual budgetary process.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cost_Rental_Supports\"><\/span>Cost Rental Supports<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In 2021, some \u20ac35m was explicitly allocated to the Cost Rental Equity Loan (CREL), administered by the Housing and Sustainable Communities Agency. This funding has also been supported by an additional \u20ac100m of State-backed loans from the Housing Finance Agency.<\/p>\n<p>Once placed on a statutory basis, the Land Development Agency will also deliver Cost Rental and affordable homes for purchase via \u20ac1.25b from the Ireland Strategic Investment Fund (ISIF) and any further funding raised.<\/p>\n<p>Other supports for the development of cost rental accommodation are being facilitated through the \u20ac310m Serviced Sites Fund. This funding is available to Local Authorities to assist in the development of homes for both affordable purchase under Part 2 of this Act and for cost rental.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Affordable_Purchase_Equity\"><\/span>Affordable Purchase Equity<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The new Affordable Purchase Shared Equity scheme for private lands, as addressed in Part 4 of this Act, has received initial funding of \u20ac75m for 2021. It is expected that Exchequer funds and non Exchequer co-funding is provided for this scheme in both 2022 and 2023.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-19451\" data-postid=\"19451\" class=\"themify_builder_content themify_builder_content-19451 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n","protected":false},"excerpt":{"rendered":"<p>Affordable Housing Act The Affordable Housing Act 2021 is Act is designed to set the policy framework for a number of schemes aimed at making more affordable homes available for purchase and rent for eligible households. Capital funding to underpin the delivery of homes within these schemes is voted by the Oireachtas in line with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[279],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19451"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=19451"}],"version-history":[{"count":5,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19451\/revisions"}],"predecessor-version":[{"id":31298,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/19451\/revisions\/31298"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=19451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=19451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=19451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}