Oireachtas Joint and Select Committees

Tuesday, 16 February 2021

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Affordable Housing Bill 2020: Discussion (Resumed)

Photo of Cian O'CallaghanCian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

I thank our speakers. I have three questions, the first of which is for Dr. Slaymaker. She referenced a study by the London School of Economics, LSE, and a 6% increase in prices. What is the risk of a similar effect here?

I will ask Dr. O'Toole about the need for targeting measures or controls around any equity loan scheme for purchase of homes from private developers. How problematic is the lack of income limits in the Bill? Is it a problem? Could the lack of income limits have the effect of driving up the costs of homes or is that not an issue?

I will ask the representatives of the National Economic and Social Council about its substantial evidence base and reports it has done over the years about cost rental land management. It has done good work. The goal is that affordable measures will mean permanent affordability. With that in mind, how does the equity loan scheme for purchase of homes from private developers measure up against that goal? Is there an evidence base, either from NESC in terms of shared equity loans for purchase from private developers or an international evidence base of which our guests are aware, that supports those measures at which we should be looking?

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