Paul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

An earlier speaker described a mix of incomes. The main reason for the failure of this project was uncertainty around the prospect of 50% private ownership. These units could easily become private rental housing through the housing assistance payment, HAP, or a real estate Investment trust, REIT. Providing models of funding which allow certainty around the outcome will be the secret to securing more agreement from local authorities and will enable the Department to deliver these houses. I do not believe it is an unreasonable left-wing approach. Most of the reservations arise from uncertainty around what we will get from these deals and the lack of transparency with which infrastructure and unit costs are conflated. If the Department focuses on those points it will help to ensure further spending on further projects like O'Devaney Gardens.