Approved housing body Cl\u00faid Housing is planning to spend almost \u20ac1 billion on major new housing schemes over four years.<\/p>\n
New tender related documentation issued on Monday show that Cl\u00faid Housing is seeking to spend \u20ac950 million on new housing over the four year lifetime of a multi-framework agreement with builders engaged in constructing new housing schemes nationwide valued at \u20ac50 million or more.<\/p>\n
The documentation states that the estimated \u20ac950 million value \u201cis not a guaranteed spend\u201d.<\/p>\n
Since its establishment in 1994, Cl\u00faid has provided over 14,000 properties to low-income families and single people, older people, people with a disability and traveller families across Ireland.<\/p>\n
The Project Information Memorandum states that Cl\u00faid \u201cwant to partner with suitably qualified contractors to design and build large scale residential units nationwide with a focus on Green and Lean construction methodologies.\u201d<\/p>\n
It states that Cl\u00faid \u201cwill acquire suitable sites for mixed tenure residential development in areas where there is strong demand and support from the Local Authority\u201d.<\/p>\n
It further states that the development sites may be purchased by Cl\u00faid, purchased by the contractor, transferred to Cl\u00faid by a Local Authority\/State Agency or acquired by other appropriate means.<\/p>\n
On the funding options for the schemes under the \u20ac950 million spend, the memorandum states that \u201cCl\u00faid are proposing to fund these projects by way of debt finance\u201d.<\/p>\n
The memorandum states that \u201cit is anticipated that contracts arising under each Framework Agreement will be part funded by an element of public funding, for example Capital Assistance Leasing Fund (CALF)\u201d.<\/p>\n
The Construction Partner Frameworks are intended to extend for a period of 4 years, with the possibility of contracts extending beyond that timeframe.<\/p>\n
The memorandum states that projects arising under the Framework Agreements will be subject to budget availability and operational requirements – feasibility studies will be undertaken to determine the number and anticipated cost of developments and their commercial viability.<\/p>\n
On the anticipated pipeline of the projects, the memorandum states that due to timings and other operational reasons the anticipated pipeline for the Framework is not available at this stage.<\/p>\n
It states that Cl\u00faid are continuously partnering with Local Authorities, the Land Development Agency, the Housing Agency, semi-state bodies, religious orders, and charities to deliver high-quality residential developments.<\/p>\n
As part of the tender process, Cl\u00faid is inviting firms to engage with a pre-qualification stage. The top six firms will then be invited to tender and the\u00a0top four firms selected at tender stage will then be part of the framework.<\/p>\n
The memorandum states that it is envisaged that there will be a regular biannual review with an annual progress report for each project arising from the Framework Agreement.<\/p>\n
In a show of its financial firepower, it was confirmed in January of last year that Cl\u00faid purchased a 328-unit residential development at Airton, Tallaght for \u20ac159.7 million in the approved body\u2019s biggest cost rental scheme to date.<\/p>\n
The most recent annual report for Cluid shows that the book value of its tangible assets increased from \u20ac2.26 billion to \u20ac2.86 billion in 2024.<\/p>\n
As of December 31st 2024, Cl\u00faid Housing had 12,836 homes in management across 31 local authority areas.<\/p>\n
A spokeswoman for Cl\u00faid Housing said that Cl\u00faid delivered 1,391 new social and affordable rental homes in 2025, at a total cost of \u20ac513 million.<\/p>\n
She said: \u201cIn 2026, we expect to deliver 1,164 homes at a projected cost of \u20ac461 million. We expect to deliver in excess of 2,000 homes over four years as part of our Construction Programme Framework, in addition to our other delivery mechanisms such as our sector-leading Developer Design and Build programme and our forward purchase acquisitions.\u201d<\/p>\n
\u201cThis Framework Agreement is another example of Cl\u00faid\u2019s ambitious drive to achieve our vision of a society where everyone has a great place to live,” she said.<\/p>\n
\u201cIn addition to increasing our construction programme and delivering high-quality homes for those in housing need, the Framework Agreement will incorporate lessons learned from our Innovative Partnership in areas such as early contractor engagement to promote lean construction methodologies and reduce embodied carbon.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Approved housing body Cl\u00faid Housing is planning to spend almost \u20ac1 billion on major new housing schemes over…\n","protected":false},"author":2,"featured_media":501619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-501618","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/501618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=501618"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/501618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/501619"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=501618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=501618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=501618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}