Oireachtas Joint and Select Committees
Tuesday, 18 June 2019
Joint Oireachtas Committee on Housing, Planning and Local Government
Affordable Housing: Discussion
Mr. Owen Keegan:
We are talking about 600 units. That is a large development so the subsidy per unit is modest enough. It is a difficult site. Even though the land we are in the process of purchasing from NAMA for affordable housing is fully serviced, the nature of the land as a former landfill requires the provision of basements. That will still be needed even if we do it with the parking. It is just going to be very expensive to build those units. In our view, it is essential that we have affordable units everywhere and not just on the outskirts. That, however, is going to pose a financial challenge. We are in discussions with the Department concerning how we can bridge that gap.
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