I propose to take Questions Nos. 54 , 66 and 110 together.
Tackling vacancy is a key priority for this Government. The vacant homes action plan, which was published in January 2023, built on pathway 4 of Housing for All and set out the various actions that were being pursued to return vacant properties back into use as homes. Earlier this year, the Minister published an update on the action plan, which shows the significant progress that is being made. Data regarding vacant properties is available from a number of sources such as census and GeoDirectory publications. More recently, the CSO has published an indicator of residential vacancy using electricity consumption data. My Department has engaged with the CSO regarding this indicator. While varying levels and rates of vacancy are indicated in the different data sources, the overall trend is downwards and vacancy levels in residential properties are reducing. It is a very different picture in terms of vacant commercial properties. A vacancy survey project, supported by my Department, commenced in December 2022. Its objective is to provide local authorities with a database of vacant and derelict properties in their administrative area, which they can update on an ongoing basis and use to engage with property owners to bring them back into use as homes. This also supports local authorities in taking a proactive, systematic and co-ordinated approach to the activation of vacant and derelict properties, which is required under the new compulsory purchase order, CPO, activation programme, which my Department launched in April 2023. The programme includes guidance and supports for local authorities to actively use their legislative powers to compulsorily acquire vacant and derelict properties where engagement with owners has been unsuccessful in activating the return of the property to use. It is a complex process, but good progress is certainly being made across all local authorities in this regard.
Another one of the suite of measures introduced to address vacancy by this Government is the vacant home tax introduced in budget 2023. The tax applies to residential properties that are occupied for less than 30 days in a 12-month period. The tax aims to increase the supply of homes for rent or purchase, rather than focusing on simply raising revenue. As is the case for other taxes, the vacant home tax is administered and collected by the Office of the Revenue Commissioners. My Department does not have a role in the administration of this tax. However, my officials are in regular contact with the Department of Finance regarding policy on addressing vacancy and the vacant homes action plan.
The vacant property refurbishment grant, under the Croí Cónaithe towns fund, is another important measure in supporting the return of vacant and derelict properties into use. A grant to the value of €50,000 is available for the refurbishment of vacant properties into a home or rental property, with a top-up grant of €20,000 available for derelict properties. More than 9,600 grant applications have been received to date with more than 6,400 approved. The number of grants drawn down has increased significantly this year and more than 737 grants have been paid nationwide. We expect that to ramp up significantly toward the end of this year.
The level of interest in the grant in Cork has been significant, with the county having the highest number of applications received nationally. Between Cork city and county, in excess of 1,100 applications have been received, more than 820 applications approved and 66 grants paid to date. This number of grants issued is expected to increase significantly in the coming months as refurbishment works are completed. My Department publishes data on the grant on its website on a quarterly basis, which includes breakdowns by local authority. I will arrange for the relevant web link to be circulated with the Official Record. The grant is making a real impact in addressing vacancy and is making the purchase and refurbishment of these properties a more affordable option for those seeking to purchase their own home. I will come back in with a supplementary reply on the local authority purchase and renovation loan, which again, is another measure that is proving to be transformative.