Mick Wallace (Wexford, Independent) | Oireachtas source

The Fianna Fáil Government did not deliver 1% of it.

If 10% of the land zoned for residential and-or residential and other uses is ring-fenced for social and affordable housing, there will be less pressure to deal with it. There was a major flaw in the old system. If a builder bought a site to build 50 units and paid €100,000 a unit, under the current Part V provisions, he had to provide 20% of the site for social and affordable housing and accept a payment for the site at the agricultural value of the land and a payment of his costs plus 15% for the house. Paying a builder €1,000 for a site that he had paid €100,000 for made the scheme unbankable for many developers. It did not work.

I do not know how the Minister of State proposes to handle the site value. However, for the system to work, a reasonable system has to be put in place to deal with the site value or it will be impossible for developers to deliver on it.