Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Affordable Housing Bill 2020 (Resumed): Land Development Agency

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

I confirm I am in Leinster House. I thank Mr. Coleman for the presentation and it is good to see him again. I am interested in teasing out how LDA delivery interacts with the key provisions of the Bill, especially the serviced sites fund, and to a lesser extent the cost rental equity loan.

We know that the first units in Shanganagh will be ready around 2023. Does the LDA have much visibility of its completion pipeline from 2023 onwards, even up to 2025? If things go the way they are currently going, what level of completions will there be in 2023, 2024 and 2025, broken down by cost rental and affordable sale?

Mr. Coleman is on record on a number of occasions indicating the price range for the cost rental, but he has yet to indicate what the price range will be for the affordable purchase, both before and after the shared equity loan element from the serviced sites fund. How close is he to being able to give us information about what the actual purchase price will be, depending on the unit size?

I am unclear about how the LDA's financing will interact with the serviced sites fund on a site that is not a local authority site. It is clear for Shanganagh, where there local authority, in conjunction with the LDA, does the planning and uses the serviced sites fund, the LDA is the lead developer and the local authority purchases back the social housing in a turnkey format. How will it work in the Dundrum central sites? Who will apply for the serviced sites fund, if anyone? Where is the financing for construction of the social and affordable housing? Presumably there will be some houses priced for open market sale on that site? Will Mr. Coleman talk us through the financing, such as for St. Kevin's Hospital site in Cork, which is a HSE site? We will start there and I will come in afterwards or in the final round if there is a chance.

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