DARRAGH O'BRIEN TD
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Housing, Planning and Local Government PQ's

Status of Re-Building Ireland commitment to introduce an AHB innovation fund

21/11/2019

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QUESTION

To ask the Minister for Housing; Planning and Local Government the status of the Re-Building Ireland commitment to introduce an AHB innovation fund; and if he will make a statement on the matter.

REPLY

Rebuilding Ireland: Action Plan for Housing and Homelessness included the commitment to explore a range of structural, funding and policy supports that could help to increase delivery by AHBs. 

In 2016, my Department established an Innovation Fund to support Tier 3 AHBs (i.e. those larger organisations with 300+ homes in their stock) in their development of innovative financial models that would assist in improving the capacity of the sector.

Six AHBs applied to this Fund and four proposals were deemed eligible. The total amount of funding approved for these four proposals was €104,043.50, and details of these approvals were announced in May 2017.

Details of the approved proposals are as follows: 
  •  The Irish Council for Social Housing's proposal for the establishment of a sector-led financial vehicle to allow AHBs to expand and to facilitate the delivery of additional housing units.
  • Clúid’s proposal to develop a set of procedures, guidelines and templates for mergers and acquisitions.
  • Oaklee’s proposal to engage with financial advisors to secure off-balance sheet funding, with a view to the establishment of a Special Purpose Vehicle. 
  • Túath’s proposal related to engaging with external experts to undertake research on two schemes relating to affordable rental. 
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Darragh O'Brien TD


Address

Darragh O'Brien TD
Leinster House
Kildare Street
Dublin 2

Telephone

T:  01-6183802

Email

At present, and as a result of the COVID-19 pandemic, I am not holding my regular meetings across our towns and villages in North County Dublin. However, both I and my office are happy to speak to you and assist you with any issues you may have.

For all housing, planning or heritage related queries please don’t hesitate to contact:
Email: minister@housing.gov.ie
Phone: 01-8882000
Postal address: Department of Housing, Local Government and Heritage, Custom House, Dublin 1, D01 W6X0
 
For all constituency related queries please don’t hesitate to contact:
Email: Darragh.obrien@oireachtas.ie
Phone: 01-6183802
Postal address: Dáil Éireann, Leinster House, Kildare Street, Dublin 2.
 



  • HOME
  • About Darragh
  • News
  • Parliamentary Questions
    • Housing, Planning & Local Government PQ's
    • School PQs
    • Foreign Affairs PQS
    • Oral Questions
  • Newsletters
  • Videos
  • PHOTOS
  • FIANNA FAIL
  • CONTACT
  • DATA Protection Statement