Oireachtas Joint and Select Committees
Thursday, 20 January 2022
Joint Oireachtas Committee on Housing, Planning and Local Government
Land Development Agency: Chairman Designate
Thomas Gould (Cork North Central, Sinn Fein) | Oireachtas source
Okay. With regard to cost rentals, one of the arguments other members of the board and I have been putting up is that affordability should be based on a person's income and not a reduced rate on the market value. Mr. O'Rourke might give us his thoughts on that. We believe that for a property to be truly affordable, it would be based on a person's ability to pay. If market value is used to work out the affordability of a property, will it be an average market value for the whole of Cork or will it be specific areas? We are talking about the St. Kevin's site now. When we come up with a cost for those cost-rental sites, will it be based on the Shanakiel market rent, which would be quite high, or will it be based over the whole of Cork?
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