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Six biggest housing bodies have assets of €2 8 billion

Six biggest housing bodies have assets of €2.8 billion Long-term loans from the state to Approved Housing Bodies cover about 30 per cent of the cost of new builds 25th April, 2021 The rise in AHBs’ fixed assets has been driven by the state’s increasing reliance on these non-profit charities to provide new social and affordable housing The country’s six biggest affordable housing bodies (AHBs) have doubled their fixed assets to €2.8 billion in the space of five years, according to new figures compiled by the Business Post. The rise has been driven by the state’s increasing reliance on these non-profit charities to provide new social and affordable housing.

Retrofitting a huge opportunity to transform homes

Irish homes are responsible for one quarter of overall energy use and 10% of greenhouse gas emissions. The plan is to reduce those emissions from six million tonnes in 2017 to less than four million tonnes by 2030 and to do so by retrofitting 500,000 homes. But how is work towards those targets progressing? Declan Meally, head of the Department for Transport and Communities at the Sustainable Energy Authority of Ireland (SEAI), sees retrofitting as a huge transformational opportunity and he is confident the target will be met. He says that, last year, the work was carried out on 4,000 homes, it will be 13,000 this year, and 30,000 next year, ramping up to 50,000 after that.

Nama leases almost 1,400 social housing units for €12m a year

“The Government needs to outline what its intentions are but also if it indefinitely intends to pay this money into Narps as opposed to, at some point, just transferring the units into the ownership of the local authorities or the AHBs [approved housing bodies],” he said. In a review of Nama last year, Mr Donohoe recommended that Nama retains ownership of the subsidiary residential property services agency until it is in a position to be transferred to another State entity as part of Nama’s “terminal surplus of €4 billion”. “Officials are examining these options in the context of Nama’s wind down,” Mr Donohoe said in his response to Mr Ó Broin.

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