Oireachtas Joint and Select Committees

Thursday, 10 October 2019

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of Land Development Agency Bill 2019: Discussion (Resumed)

Dr. Conor O'Toole:

A key objective of the organisation should be to deliver affordable homes, particularly where it is using State lands. The key issue is taking the speculative element out of the land price and ensuring it is passed down to the household at the end. That has to be a critical issue for an organisation such as this. It may also get involved more broadly in public private partnerships and so on as a secondary objective. In that context it is important that it should make a return to the State. That would ensure that when it gets involved with a private development that might need some support or funding to move over the line, the State will get the most out of it. The organisation should have the flexibility to do that but should also maximise the returns. Having a broad remit is a good thing, as long as affordability is its core objective.

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