Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Perhaps Mr. O’Rourke or Mr. Coleman will comment on it. This really is the truth about cost rental, namely, we cannot control the rents for cost rental on public land. We cannot control them because they are linked to the cost of construction and the LDA does not know what the cost of construction is going to be and it is dependent on the market to dictate that. That is a fundamental break from social housing. We can tell what the rent in social housing will be. Regardless of market conditions, we can say the rent will be 15% of a person's income, whatever their income is. Now, we are unrolling 75% of public land under the remit of the LDA where we will not be able to tell. Unless there is something Mr. O’Rourke can add to this, what he seems to be saying is that the LDA will not be able to tell us what the rents will be and that the market will dictate it. That is worrying.