Oireachtas Joint and Select Committees

Tuesday, 27 April 2021

Joint Oireachtas Committee on Housing, Planning and Local Government

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

Photo of Rebecca MoynihanRebecca Moynihan (Labour) | Oireachtas source

I am. Looking at it now, the wording is perhaps somewhat clunky. However, what is proposed in the Bill is essentially affordable rental being at a market discount. Through the affordable housing Bill and the LDA Bill, it is important that we try to link affordability to 30% of net earnings, which is what all the outside experts who have given evidence to this committee on this Bill refer to. I am open to tightening up the wording on this. Hopefully it will be tightened up in the Bill. What is proposed for affordability is a market discount. It is important that we have a definition linking it to indicators. There are a number of different indicators. I picked the CSO net income figure. The CSO sometimes only does gross income. I think the Department can come up with words that link affordability to income as opposed to a market discount, so I am pressing this amendment.

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