RTE Nationwide recently covered the Repair and Leasing Scheme highlighting how it operates

The Repair and Leasing Scheme (RLS) has been developed to assist local authorities or Approved Housing Bodies (AHBs) to harness the accommodation potential that exists in certain vacant dwellings across Ireland.

The RLS is targeted at owners of vacant dwellings, who cannot afford or access the funding needed to bring their dwellings up to the required standard for rental property. Subject to the suitability of the dwelling for social housing, and the agreement of the property owner, the cost of the necessary repairs will be met upfront by the local authority or an AHB

This allows for the property owner to sign-up to a lease arrangement for a length that is linked to the value of the repairs, subject to a minimum of 10 years. The value of the repairs will then be offset incrementally against the agreed rental payment over a defined period within the lease.