Prior to this, Altair were commissioned by the Irish Council for Social Housing to carry out a thorough assessment of the current financial mechanisms and future funding options available that will enable effective social housing delivery for the AHB (Approved Housing Body) sector and identify options for increasing the supply of housing, particularly social, in Ireland post-2015.
We are pleased to announce that a number of the recommendations from our report were reflected in the Government’s views. Our report Enabling the Delivery of Social Housing in Ireland is now available to read in full.
The Altair report was developed in a context which sees the financing of social housing by non-profit housing associations change significantly in recent years, from a strong dependency on 100% capital funding by the state to the current position of limited state capital funding creating the need for AHBs to access loan finance as part of a new mixed funding regime.
This report identifies actions in five key areas which are considered central to enabling non-profit housing associations to play a much greater role in the provision of social housing through the use of private finance.
The report also considers the following steps which can be immediately taken to help kick-start a development programme for AHBs:
- Reform of the current CALF system
- Increase CAS grant funding
- Identify public land assets
- Establish a business unit specifically dedicated to housing delivery
- Introduce standard accounting policies and long-term financial plans