Francis Noel Duffy (Dublin South West, Green Party) | Oireachtas source

The Green Party will not be supporting this proposal. The definition of cost rental is that the renter pays for the cost of construction and maintenance, as well as a profit capped at 3% to 3.5%. That is the way the Vienna model works.

I am not sure where Deputy Ó Broin got the figure of 10% to 15%. I go back to the Government agency that will deliver these, namely, the LDA. It is a Government agency; it is not interested in profit. It is interested in delivering public housing on public land. I do not think it will be looking for that. There will be a tendering process within which one invites contractors to tender to the agency to deliver the housing. It will work with the best contractors to give the best price. There will be profit included with any of those tendering processes but it is not 10% to 15% based on my experience.