I propose to take Questions Nos. 88 and 154 together.
In July 2022 we launched the vacant property refurbishment grant under the Croí Cónaithe towns fund. This supports bringing vacant and derelict properties back into use as homes. In May 2023 we announced a revised grant rate of up to a maximum of €50,000 available for the refurbishment of vacant properties for occupation as a principal private residence and for properties that may be available for rent, including the conversion of a property that had not previously been used as residential.
Where the refurbishment costs are expected to exceed the standard grant of up to €50,000 a further top-up grant to a maximum of €20,000 is available where the property is confirmed to be derelict or where the property is already on the local authority derelict sites register. This brings the total grant for a derelict property up to a maximum of €70,000. We have increased the amount of the grant by €20,000, from €30,000 to €50,000 and from €50,000 to €70,000 for derelict properties.
The grant is paid when works are completed following a final inspection by the local authority. Payment of the grant at the end of the process is to ensure the applicant has carried out the works applied for and approved, and to safeguard that the grant is related to the works that have been completed.
In order to support the timely delivery of properties back into use, from 1 May 2023 once a grant application receives approval the applicants must complete works applied for within a period of 13 months. On average, payment of grants issues 12 months from the date of approval, as works are completed. The time limit encourages the timely undertaking of the works applied for in order that grant approvals are not left extant indefinitely and the contingent liability is managed.
In exceptional circumstances, however, where an applicant experiences particular issues and cannot complete the works applied for under the grant within the 13-month period, the local authority may grant an extension of the approval period at its discretion.
We sent a reminder to them, with a departmental circular in October, that they had this level of discretion available to them.
Since the grant was launched in July 2022, just a little over a year ago, more than 5,000 applications have been made and 2,400 have been approved, which is nearly half. We regard this as a very successful scheme. When the Croí Cónaithe towns fund was launched, a commitment was given that the scheme funded by it would be kept under ongoing review. It is our intention that a comprehensive review and evaluation of the scheme in the context of the Croí Cónaithe towns fund will be undertaken by mid-2024. We will ensure that the question of how long grant approval should last will be considered in that too. However, it is important to be aware that the local authorities do have discretion to extend this time if they deem an applicant to be experiencing particular difficulties in completing the process within the given period.