Oireachtas Joint and Select Committees

Tuesday, 18 June 2019

Joint Oireachtas Committee on Housing, Planning and Local Government

Affordable Housing: Discussion

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Generally, how much does the cost of finance vary and how much does it impact on the final rent in cost rental or, for that matter, the purchase price? What are the different sources of finance and what sort of variability is there in the cost at different times and overall in these projects?

Elaborating on an earlier question, everything that the agency is doing seems to be based on particular sites. It makes me, and others, think that it does not have a remit for dealing with the overall crisis in affordable housing, but only for particular sites. Will Mr. Baneham explain, because it seems quite random? The agency gets particular sites, but why does it get those and not others? How does it fit into some sort of overall plan to deal with the crisis in affordable housing and rental? Does it relate in any general sense to the targets, such as the national housing output targets of 25,000? Is the agency supposed to deliver a certain amount of cost rental or affordable housing as part of that output on a year-by-year basis? If so, what is it? Does the agency select the sites? Does the Government select the sites for it? I am not clear how it fits into a bigger project to solve the housing crisis.

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