I move amendment No. 1:
To delete all words after "Dáil Éireann" and substitute the following:
"notes:
— that the Government is fully committed to ensuring an increase in the supply of affordable high-quality rental accommodation through continued significant capital investment, including Cost Rental, to accelerate delivery of housing for the private and social rental sectors and stabilising rents;
— that building on the enhanced tenancy protections introduced by this Government, the Department of Housing, Local Government and Heritage is close to concluding a comprehensive review of the private rental sector, which takes into account the significant regulatory changes over the past several years;
— the extension of Rent Pressure Zones, which now cover 77 per cent of the country and where rent increases are capped at two per cent per annum;
— the increase in the rent tax credit to €750 in Budget 2024, and the introduction of other legislative requirements to support renters;
— that the Government has approved the general scheme of the Residential Tenancies (Right to Purchase) Bill for priority drafting and publication during this Oireachtas session, to legislate for a 'right to purchase' where their landlord intends to sell the dwelling;
— the increase in the thresholds for access to Cost Rental homes, which was increased from €53k net to €66k net in Dublin and €59k outside Dublin in July 2023;
— that interventions such as the Cost Rental Tenant in Situ Scheme (CRTiS) are making a real impact in providing secure, long-term homes and preventing homelessness, and to date in 2023 over 1,300 social housing acquisitions have been completed with a further 1,260 at various stages of the assessment and conveyance process; and
— the CRTiS was introduced on 1st April, 2023 for tenants in private rental homes who are not eligible for social housing supports but who are at risk of homelessness, and the Housing Agency is engaging with more than 130 landlords with a view to the purchase of those homes;
acknowledges that increased supply is key to meeting demand and moderating the pent-up pressures in the private rental sector and welcomes that:
— Housing for All – A New Housing Plan for Ireland is successfully supporting a significantly increased supply of new homes, with almost 30,000 new homes built in 2022, an increase of 45 per cent on 2021 and 5,250 homes or 21 per cent higher than the Housing for All – A New Housing Plan for Ireland target of 24,600;
— the data on the number of residential construction starts show 26,547 homes have been commenced in the first ten months of 2023; and this is a 16.6 per cent increase on the same period last year (22,760); and
— more than 22,400 homes have been built to end-September 2023, with the Housing for All – A New Housing Plan for Ireland targets, or 29,000 and 33,450, expected to be met, if not exceeded, in 2023 and 2024 respectively; and
recognises that considerable progress has been made since the publication of Housing for All – A New Housing Plan for Ireland (September 2021) including:
— increased social and affordable housing supply, with 10,263 social homes delivered in 2022, representing an 11.9 per cent increase on 2021 figures when 9,169 social homes were provided; and this represents the highest annual output of social homes in decades and the highest level of delivery of new-build social homes since 1975; and
— from a standing start, 1,757 affordable homes delivered in 2022, the first full year of affordable housing delivery in a generation and that a very ambitious programme of affordable housing is now in place; and this momentum is continuing as the pipeline of affordable housing develops further by local authorities, by Approved Housing Bodies and by the Land Development Agency; and
agrees that continued implementation of Housing for All – A New Housing Plan for Ireland represents the most appropriate response to deal with the housing challenges which Ireland is now facing.".
It is quite clear that this motion tonight is prompted by the recently published RTB-ESRI rent index for quarter 2 of 2023. I welcome the debate this evening. This report is the most accurate and authoritative rent report of its kind on the private rental sector in Ireland. Compared to other market monitoring reports produced for the Irish rental sector, this RTB-ESRI rent index has the considerable benefit of being based on regulatory data covering all new tenancy registration regardless of how the property was advertised for rent. For the first time ever, existing tenancies are now covered in that index. I hope that in future, the Deputies opposite will cite the RTB-ESRI rent index in their motions and speeches as opposed to other less reliable sources.
The existing tenancies index significantly strengthens the ability to understand the private rental sector overall. The sector has gone through considerable change in recent years. However, for the information of Deputy Doherty, the existing tenancies rent index is not a measure of compliance with rent pressure zone requirements. Deputy Ó Broin was actually at the technical briefing last week held by the ESRI and the RTB and they were at pains to point that out. Deputy Doherty missed his own spokesperson's contribution here this evening. Deputy Ó Broin acknowledged somewhat that they are not an indication of compliance within the RPZs.
The Government opposes the motion tabled this evening. It is threadbare and it offers nothing by way of practical viable solutions. It is approximately a half a page - three lines, to be clear.
I note with interest that the Sinn Féin Party has omitted any mention of an eviction ban from this motion. Usually, that comes with the other items. Maybe Deputy Ó Broin, in his closing remarks, will explain why that is. Is it because the Deputy knows that the measures introduced by Government are taking hold, particularly in that sector, or is it just another change - a Sinn Féin flip-flop - on an issue where it has realised that the impact of a reintroduction of a moratorium on evictions would be detrimental to supply within the private rental sector?
Last year, in the run-up to the budget, the Sinn Féin Party's spokesperson called for measures to keep landlords in the private rental market. I quoted the Deputy previously but it is important people know this. The Deputy said, "All options [must] be on the table for consideration including ... tax reform in the private rental sector." In the same budget, the Sinn Féin alternative budget, a copy of which I have here and which I have read, two and a half pages of which are dedicated to housing, Sinn Féin decided it would bring forward a €400 additional charge for small landlords. We decided to make a change in that space to reduce the cost for small landlords, which Deputy Ó Broin had been courting for the past couple of years. With that, we brought forward the renter's tax credit, and have increased it further.
While this motion is devoid of any solutions or, for that matter, any substance, I would like to address some of the points that the Deputy has raised within it.
Ultimately, we all know, and the Deputy should, that the most effective way to reduce and stabilise rents is to increase supply and accelerate the delivery of housing, including cost-rental housing, affordable housing, and private and social housing. Thankfully, we are beginning to see that taking hold. Only last week, my Department published data which shows commencement notices for 2,624 new homes were received in October of this year. That is an increase of 42% on last year, some of which is down to the measures that we have taken around the waiving of the development levy and the Uisce Éireann connection charge, which Deputy Doherty's party has opposed also. In the first ten months of this year, we have commenced over 26,500 new social, affordable and private homes. The number of homes completed is also increasing significantly, with over 22,400 homes completed between January and September, which is a 9% increase. The Deputy may be disappointed to hear that we will exceed our target again this year, actually quite substantially. By the end of this year, we will have delivered 100,000 new homes since I took over as Minister for housing.
Another report that Sinn Féin does not quote from either, that received quite a lot of public commentary but on which I did not note any remarks from its party spokesperson, was the EUROCONSTRUCT report. EUROCONSTRUCT is an independent construction market forecasting network that is active in 19 European countries. The report shows that construction output in Ireland is forecast to grow at the strongest rate of 19 countries, expanding by 3.2% this year and projected to expand by 4.4% next year. Ireland is bucking the trend cited in the report, which is that total construction activity in Europe is actually falling. One of the reasons cited in this independent report for this growth is that the Government is making record State investment available for housing. There is €5.1 billion committed next year for new homes, which is €1.9 billion more than Deputy Doherty's party commits.
In November alone, I approved funding for more than 1,600 additional cost-rental homes - €442 million in one month alone. A new form of housing that we have not only spoken about but delivered, it is State backed. Tenancies are long term; a minimum of 40 years. Tenants are charged the amount that covers the cost of delivering, managing and maintaining a home. This means that prices are not driven by the market, making it more affordable. Cost rental is aimed at middle-income earners. Deputy Doherty will know too, or he should, that I have altered the income limits - up to €66,000 net in Dublin and €59,000 net across the country. Over 3,300 new cost-rental homes are either occupied or delivered, with hundreds more being approved this month. We are getting real scale on cost rental. It is progress that Sinn Féin wishes to deny but, across the country, it is progress the party has been blocking as well. I visited Cork, with Deputy Ó Laoghaire, only two weeks ago where we have the largest and most significant apartment development of 274 homes commencing because of the Government measures, which has been welcomed, by the way, by Cork Chamber and others there. That is progress.
Just this week, I met one of the residents in the new cost-rental homes in Delgany. These are homes delivered by the LDA - the LDA which the Sinn Féin Party voted against and opposes. These are homes that the agency is delivering on a cost-rental basis. It is heartening to hear what it means to that tenant and the security it gives her. These are measures we are taking that are working. The Land Development Agency, which is delivering homes at scale now, is a land development agency that Sinn Féin opposes and voted against.
We talk about homeownership and those who are stuck in a rental trap.
We have about 500 first-time buyer mortgages being drawn down every week now, the highest amount since 2006. Many of those mortgages were supported by the measures I have brought forward.
Sinn Féin colleagues have spoken this evening about the inability of people to save for a deposit and it is tough for renters. However, one of the measures that helps with getting the deposit together is the help-to-buy grant. You know that €30,000 of the tax that people have earned that is going back in their pockets to help in a grant? Sinn Féin opposes it. The Sinn Féin spokesperson on housing opposes it. Some 42,700 households have claimed that grant and the numbers doing so are increasing month on month, right the way through this year because construction activity is up. Sinn Féin opposes that assistance, the Land Development Agency and the first homes scheme. The first homes scheme has nearly 8,000 registrations with nearly 4,000 approvals. These are real measures that are helping people. Hundreds of homeowners are already in their homes because of the first homes scheme, where the State is stepping in and helping them with equity to buy good quality and new homes. Sinn Féin also opposes that. The opposition to the vacancy grants that nearly 6,000 people have applied for is inexplicable. There have been nearly 3,000 approvals under them. They are grants that are working and helping people to take vacant properties back into use so they can call them their own. Sinn Féin opposes that grant too. In its alternative budget, that I am sure Deputy Doherty signed off on, it allocated no moneys to that grant at all. It is simply reallocating that money to the local authorities. It is clear there in black and white.
When Sinn Féin says this evening that it has come forward with real alternatives, its real alternatives are three lines in the two and a half pages it brought forward in its alternative budget. They are not alternatives or viable solutions. We need to continue to see, and we are seeing with this Government, increasing-----