Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, my recollection of the Bacon reports at that time was trying to find ways in which to accelerate supply in the market and it involved modernising legislation, bringing in new Planning and Development Acts, probably the first modern one since the 1963 Act. Various, you know, serviced land initiatives, trying to identify how the State could facilitate the development of housing in areas where there was clearly a demand for it, particularly in urban areas, where there was a real problem on the development plans and planning authorities' zones ... zoning decisions, getting the requisite land and development land in place to do it. So, we were ... at that stage then you had the supply built up and you had the capacity of the private sector to provide these houses. There was also the community gain and social gain issue that was brought forward by Part V initiatives, the Part V initiative that was under one of our Governments in the early stages of 2000, late '97, and that was discontinued and maybe it shouldn't have been discontinued.

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