The organisation reported an annual income of €134 million. Additionally, 66 new staff members were hired, bringing the total workforce to 215 employees across five offices nationwide.
The report highlights significant achievements, including the addition of 2,482 new homes, bringing the total number of homes under management to 13,000. Tuath continued its commitment to cost rental housing, delivering over 450 cost rental homes to date with an additional 2,000 coast rental homes in the pipeline. Cost rental provides secure, long-term rental options for middle-income earners ineligible for social housing supports.
Tuath Housing Annual Report’24
Financial resilience was a cornerstone of Tuath's success in 2023, with €406 million invested in building and acquiring new homes. The historical cost value of the housing stock stands at €1.9 billion, reflecting robust financial health. Tuath also secured the first Credit Union debt facility of €25 million, reinforcing its financial stability.
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Sustainability was at the forefront of Tuath's efforts, marked by the completion of energy upgrade works on 185 homes and participation in the Circular Reno project, a European Union-funded initiative focused on scalable biobased deep energy retrofit packages. These initiatives demonstrate Tuath's commitment to creating environmentally friendly and sustainable communities.
Currently, Tuath has 5,000 homes in its pipeline, working with its partners to invest in people, places, and communities by providing more homes and greater choice.
Bob Jordan, CEO of the Housing Agency, expressed his support for Tuath Housing's achievements, emphasising the critical role of approved housing bodies in addressing Ireland’s housing needs.
Professor Paddy Gray, Chair of Tuath's Voluntary Board of Directors, stated: "Tuath is a people-driven organisation, committed to first-class customer service. This annual report showcases our achievements, hard work, and investment in 2023, ensuring the continuation of social and affordable housing delivery into the future."
CEO of Tuath Housing, Sean O'Connor, commented: "We are thrilled to launch our 2023 Annual Report and share the progress and success we’ve achieved over the past year. Despite challenges posed by inflation and the rising cost of living, we have remained committed to our mission of providing high-quality housing to those in need. The report reflects the dedication of all Tuath staff, supported by our experienced and dedicated voluntary board."
