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Enhanced Long Term Social Housing Leasing Scheme
From Department of Housing, Local Government and Heritage
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From Department of Housing, Local Government and Heritage
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The Enhanced Long Term Social Housing Leasing Scheme is one of a series of measures introduced under Pillar 2 of “Rebuilding Ireland: An Action Plan for Housing and Homelessness” aimed at private investment in order to deliver social housing at scale. The Scheme provides the opportunity for Local Authorities to lease from institutional developers and investors in a manner that achieves the best outcome for all parties.
The main features of the lease are:
In order for submissions to be assessed under the scheme, proposers must –
The current Call for Proposals is open until 25th October 2018. The full details and terms of the scheme are set out in the Call for Proposals document.
All proposals will be assessed by the Housing Agency, in conjunction with the relevant Local Authority, in order to establish whether the site is suitable for social housing, whether the specific proposal meets the housing need in the area and whether the proposed rents are in line with open market rents. Where there is a dispute over the relevant open market rent, proposals can be referred to an independent valuer for determination. The full details of the scheme and marking criteria, including financial and funding pre-requisites, are set out in the Call for Proposals document.
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