The Housing Executive

The continuing depression in the housing market and increasing numbers of people in housing need have caused significant difficulties in housing in Northern Ireland. we play a major role in ensuring a sufficient range of housing that offers diversity, affordability and accessibility within a balanced market. During 2010/11 we invested £166m to promote affordable housing.

We continued to implement the House Sales Scheme, which provides an opportunity for tenants to own their home. There were 764 applications and 249 completions, both figures down from the previous year. The average sale price of a dwelling continued to drop, down 7.5% from last year to £45,934 after discount. Two house sales under the Equity Sharing Scheme were completed in West Belfast and East Belfast.

The Social Housing Development Programme was supported with 49 transfers of Housing Executive land completed through the Housing Association Transfer Programme. Development briefs were completed on 16 sites for approximately 120 social housing units.