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

I speak to amendments Nos. 222 and 223. I am repeating the point Deputy Higgins has made. There have been many characterisations of this legislation. In essence, it is a mechanism to take the commercial value and apply a charge to the land, which will mean it will deliver both social and affordable housing. Doing so reduces the value of the land cost, so when housing is built, the land value has been eliminated from it. While there have been many characterisations of what this Bill does, that is the reality of what it does.

Like Deputy Higgins, I am hoping to reflect that term "affordable land value". I have no problem with the commercial value being named, because we should name the starting point of that process of devaluation, but I would like to see the affordable land value reflected in there as well.