Written answer
Departmental Funding
The Minister outlined the Land Acquisition Fund’s planned expansion and clarified that unapproved applications may be amended and resubmitted rather than refused.
233. Deputy Joe Cooney asked the Minister for Housing, Local Government and Heritage the number of applications approved, in progress and refused under the Land Acquisition Fund; by local authority, by year to date, in tabular form. [66026/26]
Comment on this
The Land Acquisition Fund was established to fund the acquisition of developable land to underpin the delivery of housing out to 2030.
Under the housing plan, Delivery Homes, Building Communities, the Land Acquisition Fund (LAF) will be reformed, streamlined, and expanded to ensure it is fit for purpose and can support the level of ambition in the Plan. To this end, the fund will be increased from €239m to at least €500m and this increased capacity will help establish the fund as a revolving fund, providing greater flexibility and ensuring it will operate in perpetuity and help secure a sustainable pipeline of land for delivery of social and affordable housing over the long-term.
The Land Acquisition Fund is overseen by my Department and managed by the Housing Agency. The process for application and draw down of funding is set out on the Housing Agency website available at: www.housingagency.ie/land-acquisition-fund .
The table below sets out the number of applications under the fund. It is important to note that applications are not refused but are simply not approved based on information received in the application. Local authorities are encouraged to resubmit such applications with any clarifications or amendments requested, in which case the application will be reassessed. The Housing Agency actively engages with local authorities and AHBs to ensure that the Land Acquisition Fund is easily accessible within optimal timelines.