Oireachtas Joint and Select Committees

Tuesday, 18 June 2019

Joint Oireachtas Committee on Housing, Planning and Local Government

Affordable Housing: Discussion

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

I thank Mr. Kenny. I know that some of these are difficult to answer because they are projects that are not going to happen for maybe one to three years, but it is still important that we get a sense of it.

This might be an unfair question, but I have a specific question on Enniskerry Road for Ms Keenan. If the entry-level rents were to have been reduced, knowing everything we do about the site, the only thing that could have brought the cost of those units down would have been an additional serviced sites fund. I am trying to understand how much extra capital upfront would have been necessary to bring it down from €1,200 to €900. For instance, instead of €4 million, would €8 million or €12 million have been enough? If Mr. Kenny's problem in certain sites comprises loans and the serviced sites fund, then we need a sense of how much would make a difference. It is important that we know if an extra €4 million would not make that much difference. Perhaps Ms Keenan has not worked out those calculations but a ballpark figure would be helpful. After that I have some more questions for Mr. Kenny.

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