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The Minister for Housing, Local Government and Heritage, Darragh O’Brien, today (Monday 9 January) welcomed the launch of a further bundle of projects under the social housing Public Private Partnership (PPP) Programme, Bundle 6.
Today’s launch builds on the successful social housing PPP programme being delivered by the National Development Finance Agency (NDFA), in conjunction with the Department of Housing, Local Government and Heritage and relevant local authorities.
Significant progress has been made to date under the programme including:
Bundle 6, being announced today, is expected to deliver almost 600 new social homes across nine sites in Cork, Kildare, Monaghan, Sligo and Wicklow. Welcoming today’s new phase of social housing, Minister O’Brien said:
“This government, through Housing for All, is committed to increasing the supply of social housing to an average of 10,000 social homes per annum between 2022 and 2030. There is a specific objective in Housing for All to increase the use of PPPs to deliver social housing, and more than 600 individuals and families will benefit from the latest social housing PPP bundle announced today.”
Work is ongoing to progress further phases under the programme and a call for suitable sites for future bundles of projects issued to all local authorities in November.
Minister O’Brien added:
“Cork County Council will act as the lead local authority for Bundle 6, and I want to commend them on their work to date. I had the pleasure of seeing first-hand some completed housing developments in County Cork last year which were progressed under Bundle 2 of the programme. The success of this initiative is evident from the high quality houses delivered under the programme so far, providing new homes for individuals and families.”
Following the publication of Housing for All, the government’s national housing plan to 2030, the Department of Housing, Local Government and Heritage, in partnership with the NDFA and key stakeholders, is actively working to progress the new PPP bundles.
These stakeholders include the Housing Delivery and Co-ordination Office and the local authorities, in particular Dublin City Council based on its experience and participation in previous bundles, and also because the first bundles of the new programme will be focused in Dublin and the Greater Dublin Area.
The NDFA will provide financial advisory, procurement and project management services at each stage of the PPP programme, as was the case with the first two bundles of projects.
A PPP is an arrangement between a public authority and a private partner designed to deliver a public infrastructure project or service under a long-term contract. In the case of this PPP project, the private partner will finance and construct the homes, then provide maintenance and tenancy management services for a 25 year service period. The homes remain in local authority ownership.