What Oaklee Housing does

Oaklee Housing (Oaklee Ireland Ltd., company number 349690) is an Approved Housing Body (AHB) and registered charity founded in 2001, headquartered in Ireland. It provides social housing, Cost Rental housing, sheltered housing, supported housing, and shared-ownership accommodation, serving lower-income households, those in receipt of social welfare supports, and middle-income earners priced out of the private rental market. As of the most recent disclosed period, Oaklee manages approximately 2,300 housing units across 19 counties through 23 developments, with surpluses reinvested into new supply rather than distributed.

The operating model centres on four delivery streams: (1) Social housing, allocated through local authority nominations across all 31 Irish local authority areas; (2) Cost Rental housing, let at government-set rates (€1,525-€1,705/month for apartments) directly to applicants through a lottery-based system; (3) Sheltered and supported accommodation for older persons and vulnerable cohorts; and (4) shared-ownership schemes. The underlying technology stack is conventional operational software: ActiveH for housing management, CalQRisk for governance/risk/compliance, an online rent payment portal, and standard website analytics. There are no AI/ML systems, proprietary platforms, or data products referenced.

Revenue mechanics combine rental income (rent set by tenant income for social, capped Cost Rental rates, separate supported rates), government grants including the Capital Advance Leasing Facility (CALF, €20M drawn), Capital Repair and Energy Leasing Loan (CREL), Housing Finance Agency funding, and structured property finance including a €50M NordLB facility and a €1 billion Bank of Ireland funding envelope. Oaklee also participates in the Comhar consortium PPP with four other AHBs to deliver 543 cost-rental homes. The group operates a subsidiary structure established in March 2023 to enable non-charitable trading activities, and has deployed Ireland's first AHB private finance SPV (Project Acorn, 2016) as a structural innovation for sector funding.

Name

Oaklee Housing

Legal name

Oaklee Ireland Ltd.

Website

https://oaklee.ie

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Oaklee Housing is an Irish Approved Housing Body and registered charity founded in 2001, providing social, Cost Rental, sheltered, and supported housing across 19 counties. It serves lower- and middle-income households via local authority nominations and direct lottery-based applications, managing ~2,300 units.

Ownership category

akta.pro rank

Product category

Social and Affordable Housing

NAICS

Rental and Leasing Services (532), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Residential Building Construction (2361)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing Property Management (BPAJAGAJ)

akta.pro secondary industries

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG), Senior Living Property Management (BPAJAGAI), Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Social housing services
• Affordable rental housing
• Approved housing body
• Cost rental housing
• Housing development services

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Others

Revenue model

1. Social Housing Rent: Oaklee provides social housing for rent to eligible applicants nominated by local authorities. Tenants pay rent based on their income assessment. Revenue supports property maintenance, management services, and organisational operations.
2. Cost Rental Housing: Oaklee delivers Cost Rental housing at rents typically 25% below local market rates under the government Cost Rental scheme. Income threshold for eligibility is net household income below €66,000 per year. Affordability is based on rent being no more than 35% of Net Income.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Oaklee Housing is an Approved Housing Body providing social housing, Cost Rental housing, sheltered housing for older persons, and supported housing across 19 counties in the Republic of Ireland. It owns and manages more than 2,300 properties and delivers housing development services — including turnkey acquisition, design & build, and Part V compliance assistance — to local authorities and private developers. All surpluses are reinvested in the business under its not-for-profit charitable status.

Product overview

Oaklee Housing is an Approved Housing Body (AHB) established in 2001 providing social and affordable housing across Ireland with approximately 2,300 properties in 23 developments across 19 counties. The organization operates as a not-for-profit charitable entity, re-investing all surpluses into the business. Core housing products include General Needs Housing for families and individuals, Sheltered Housing for residents aged 55+, and Cost Rental Housing at 25% below market rates. Development services encompass Turnkey Acquisition (acquiring completed dwellings from developers), Design & Build (Oaklee-led construction from concept to handover), and Part V Compliance Assistance. Specialized housing includes Project Acorn (€70M private finance SPV for 217 homes) and supported housing schemes for vulnerable residents. Resident-facing services include a Property Services & Repairs system (with emergency/urgent/routine categorization), Online Payment Portal supporting Credit Card/Apple Pay/Google Pay, Support Services (financial and mental health resources), and a Resident Engagement Forum. The organization collaborates with government bodies, local authorities, developers, and financial institutions to deliver housing solutions.

Differentiator

Problem solved

Functional benefit

Brands

• Acorn Housing: First private finance Special Purpose Vehicle created by an AHB in Ireland, delivering social housing through a €70M fund (€50M NordLB + €20M CALF).

Products and services

• General Needs Housing (Social Housing) Self-contained social housing for rent provided to individuals over 16, including single people, couples, and families who do not require additional support. Tenants are nominated through local authority housing waiting lists across Ireland.
• Cost Rental Housing Government-supported housing delivered at rents at least 25% below local market rates with long-term security of tenure. Targeted at middle-income households with net household income below €66,000 per year who do not qualify for social housing but cannot access affordable private rental accommodation.
• Sheltered Housing Purpose-built housing for residents aged 55+ (in some developments 60+) who wish to remain in their community with added security, independence, peace of mind and access to support services. Applicants must be eligible for the local authority housing waiting list or be an existing housing tenant seeking transfer.
• Supported Housing (Cloverhill Lodge) Specialist housing for individuals transitioning from homelessness or requiring additional support to live independently. Includes on-site services covering health, financial and employment support alongside high-quality, sustainable accommodation (e.g., 40 two- and three-bedroom homes at Cloverhill Lodge, CALF and HFA funded).
• Older Person's Housing Schemes Purpose-built housing schemes specifically designed for older people, featuring accessible design, communal spaces and tailored support services. Example: Kathleen Clarke Place with 29 Older Person's Dwellings featuring dual aspect apartments with own-door access and south-facing communal gardens, CALF/HFA funded.
• Project Acorn (Private Finance SPV) Innovative financing and acquisition programme delivered through Acorn Housing, Oaklee's wholly-owned subsidiary (Designated Activity Company). Combined €70M fund used to deliver 217 social housing units through the Housing Agency Acquisition programme and turnkey acquisitions from private developers.
• Turnkey Acquisition Acquisition service for private developers: Oaklee purchases completed or near-completed dwellings that meet its design criteria, providing developers with a positive exit solution and access to preferential AHB funding under CALF/HFA.
• Design & Build Oaklee-led construction service taking projects from feasibility and concept design through planning submission, construction coordination and handover to the Property Services team. Includes procurement of the development agreement and financing of design and build.
• Part V Compliance Assistance Support service helping private developers fulfil Part V planning obligations, including coordinating the design team, providing regulatory input and ensuring compliance through the planning approval process.
• Property Services & Repairs Responsive repairs, voids and day-to-day maintenance service across Oaklee's housing stock, categorised as emergency (24-hour response), urgent (4 working days) and routine (28 calendar days). Includes an emergency out-of-hours helpline for residents.
• Online Payment Portal Digital payment platform enabling residents to pay rent, invoices, repairs, deposits and key fobs. Supports Credit Card, Apple Pay and Google Pay as payment methods.
• Resident Support Services Range of wraparound support services for residents covering Money and Financial Support (MABS, Community Welfare, Credit Union, St. Vincent de Paul) and Mental Health & Wellbeing Support (Aware, Pieta, Jigsaw, Shine, Text About It, Samaritans).
• Resident Engagement Forum Structured resident participation mechanism enabling tenants to provide input on housing services and schemes, including a Resident Engagement Strategy, forum publications and regular newsletters (Winter, Summer).

Quantifiable outcome

• 10% growth in group revenue (2023/24)
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Offaly Domestic Violence Support Service (ODVSS)coreStrategic or Co-development Partner · 20 April 2026Partnership for delivery of new Domestic Violence Refuge on Kearney's Drive, Tullamore Town, Co. Offaly. ODVSS is collaborating with Oaklee, CUAN, Offaly County Council, The Housing Agency, and DHLGH on this project.
• CUANcoreStrategic or Co-development Partner · 20 April 2026Government body partnering with Oaklee on the Offaly Domestic Violence Refuge project on Kearney's Drive, Tullamore. Collaborating alongside ODVSS, Offaly County Council, The Housing Agency, and DHLGH.
• Dún Laoghaire–Rathdown County CouncilcoreStrategic or Co-development Partner · 2 April 2026Local authority partner for Bentley Villas social housing scheme. The council nominated eligible applicants from its housing waiting list and supported the development through planning and regulatory processes.
• KavCocoreStrategic or Co-development Partner · 2 April 2026Developer of Bentley Villas, Dún Laoghaire. KavCo is focused on delivering quality schemes with over 1,000 homes currently in their pipeline across Dublin over the next two to three years.
• Housing AgencycoreStrategic or Co-development Partner · 2 April 2026Government body that supported the Bentley Villas project. The Housing Agency Acquisition programme was also used for Project Acorn to acquire units for Oaklee's social housing portfolio.
• Evara IrelandcoreStrategic or Co-development PartnerPartnership with Evara Ireland for Cost Rental housing delivery. The Sidings, Adamstown project (154 Cost Rental + 30 social homes) was delivered in partnership with Evara Ireland and South Dublin County Council, funded through CALF, CREL, HFA and private finance.
• Kelland HomescoreStrategic or Co-development PartnerKeepers Lock development in Clonburris, Dublin 22 delivers 134 homes funded through CALF from the Department of Housing via South Dublin County Council and finance from the Housing Finance Agency (HFA). Delivered in partnership with Kelland Homes.
• Fingal County CouncilcoreStrategic or Co-development PartnerPartnership for Harmen's Rest development in Donabate, delivering 163 social and Cost Rental homes across three apartment blocks. Fingal County Council is the local authority partner for this major mixed-tenure development.
• Offaly County CouncilcoreStrategic or Co-development PartnerLocal authority partner for Kearney's Drive development (41 homes in Offaly) and Ashfield Clonminch (19 homes for older people). Kearney's Drive was built in conjunction with Offaly County Council.
• Choice Housing IrelandminorStrategic or Co-development PartnerPart of the Comhar consortium (Public Private Partnership) with Choice Housing Ireland, Macquarie Capital, and John Sisk & Sons. This consortium secured a €120 million project to finance, design, construct, and maintain 543 social housing units across six sites in Dublin and surrounding counties.
• John Sisk & SonsminorStrategic or Co-development PartnerConstruction partner in the Comhar consortium PPP for 543 social housing units across six sites in Dublin and surrounding counties. John Sisk & Sons handles design and construction while Oaklee provides tenancy management and community development.
• Doyle + O'TroihighminorImplementation/ SI/ Consulting PartnerDesign and construction partner for Project Acorn, contributing to the delivery of 217 homes through the first private finance SPV created by an AHB in Ireland.
• Brian Dunlop ArchitectsminorImplementation/ SI/ Consulting PartnerArchitectural design partner for Project Acorn, providing design services for the 217-home portfolio delivered through the private finance SPV structure.
• LoftusminorImplementation/ SI/ Consulting PartnerConstruction/contracting partner for Project Acorn delivering 217 homes. Loftus contributed to the delivery of units through the Housing Agency Acquisition programme and turnkey acquisitions.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Fold Housing Association Ireland: Fold Ireland is an Approved Housing Body operating across the country with a portfolio of social and supported housing. Overlaps with Oaklee in property types, supported housing provision, and government funding access.
• Choice Housing Ireland: Choice Housing is an Irish AHB that partnered with Oaklee, Macquarie Capital and John Sisk & Sons on the Comhar consortium PPP for 543 social housing units. Operates an identical AHB model with comparable tenant segments and developer partnerships.
• Respond! Housing Association: Respond! is a large Irish AHB developing and managing social and affordable housing stock nationwide. It is directly comparable to Oaklee in operating model, funding sources (CALF/HFA), and tenant segments, including supported housing provision.
• Clúid Housing: Clúid is Ireland's largest Approved Housing Body, providing social and affordable housing on a similar not-for-profit basis to Oaklee. Both organisations operate under the same AHBRA regulatory regime, access the same CALF/CREL funding streams, and compete for local authority nominations across Ireland, making Clúid the most direct comparable peer.
• Iveagh Trust: Iveagh Trust is one of Ireland's oldest charitable housing bodies, providing affordable rental housing in the Dublin area. Comparable to Oaklee in charitable structure and social housing focus, though with a smaller geographic footprint and more limited development pipeline.
• Tuath Housing: Tuath Housing is a national AHB providing social and Cost Rental housing across Ireland. It directly competes with Oaklee for local authority nominations, CALF/CREL funding, and developer turnkey acquisitions in the same Irish geographies.
• Circle Voluntary Housing Association: Circle VHA is one of Ireland's largest voluntary housing associations, providing social and affordable rental housing with similar AHB status and government funding access. Overlaps with Oaklee on development pipeline, property management, and tenant allocation models.
• North and East Housing Association: North and East Housing Association is an Irish AHB providing social and affordable housing in the northeast region. Comparable to Oaklee in operational structure, though smaller in scale and more regionally focused.

Emerging players

• Co-operative Housing Ireland: Co-operative Housing Ireland operates as a member-based housing body providing affordable and social rental homes. While structurally different as a co-op, it competes in the same Irish affordable housing space and draws on similar CALF/HFA support for new development.
• Peter McVerry Trust: Peter McVerry Trust is an Irish housing charity focused on homelessness and supported housing with a growing development pipeline. Adjacent rather than fully direct compared to Oaklee, but operating under similar AHB-style charitable structures and increasingly competing for state-supported housing contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/oaklee-housing

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oaklee Housing