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

That is the important issue and it is an area where we may be in agreement. Part V of the Planning and Development Act allows the State to acquire units and the land value calculation on those is existing land use value, not the full market value. My main concern is that even if the LDA gets the CPO powers, in order to be fully compliant with state aid rules, in particular the requirement where the State does not give one an economic advantage over others, it will have to acquire the land at full market value if some of that land is going to be used for the sale of houses sold at open market prices. The reason the State gets away with it through Part V is because it is using it for non-market social housing. My concern is that even if the LDA gets the powers, which I would like it to have in terms of the CPO, it will still be locked into the requirement to pay full market value for it. The State then will have to find some other way to subsidise the affordability, not necessarily in a way that is good for the taxpayer or the home purchaser