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Budget 2016

  in ICSH News

A summary of the main aspects of the budget relating to social housing and supports is provided below. The ICSH provided a response noting the reaffirmation of the commitments in the Social Housing Strategy noting the absence of any effective short term solutions on rent certainty, increase of the rent caps etc. to address the  current crisis in the private rented sector.
 
Along with the funding allocations below, it was also announced that NAMA would be tasked to provide 20,000 homes by the end of 2020. The majority of these (90%) will be in the greater Dublin area and will be starter homes.
 
In addition, site locations for over 500 new social housing units were announced which will be delivered through a PPP programme at a value of €100m. There are six sites in total with two in Dublin city and one each in South Dublin, Kildare, Wicklow and Louth.
 

  • Increase in overall housing spend to €811m (up by 18% – total increase of €125m).
  • Additional €56m for capital programmes and €69m increase in current spending.
  • Total of 7,100 housing units to be delivered in 2016 through current and capital spending including the refurbishment of 1,600 vacant units.
  • Increase in funding for homeless services by 32% (€17m) to €70m
  • €17m for the Mortgage to Rent scheme (increase of €7m)
  • Approximately 3,000 additional new units will be leased in 2015
     

Current
 

Capital

Leasing

Increase of €20m for LAs to bring 3,000 new leased units by 2016

CAS

Provision of €76m for CAS to ensure continued focus on meeting the housing needs of vulnerable groups. Total of 450 units to be provided for people with specific needs in 2016.

RAS

Funding of €135m for 1,000 new RAS transfers in 2015

LA Housing

Total funding of €180m for capital provision for LA housing to delivery more than 1,000 units through construction and acquisition.

HAP

Increase in funding by €24.5m to €47.7m in 2016.
10,000 families to secure suitable accommodation

Mortgage to rent

Allocation of €17m to allow for the expansion of the scheme.

CLSS

2016 loans allocation to make loan repayments in respect of projects already delivered

Traveller Accommodation

Provision of €5.5m in 2016

Traveller Accomm & Support

€4.3m allocated

Regeneration / remedial works

Provision of €85m

Homeless

Increase in funding by €17m for emergency accommodation;
Funding for 500 modular homes

Energy efficient / retrofitting

2017 provision of €70m to allow for continued upgrading of social housing stock. Further 1,500 vacant units will be refurbished

Affordable Rental (pilot)

Pending the development of the SPV – provision of €10m for a new Affordable rental pilot

Private housing grants

€45m to provide 8,500 grants in 2016