Oireachtas Joint and Select Committees
Tuesday, 11 October 2022
Joint Oireachtas Committee on Housing, Planning and Local Government
Implementing Housing for All: Discussion
John Cummins (Fine Gael) | Oireachtas source
To follow on, it is right. The opportunity with the private residential sector, PRS, not activating its existing planning permissions is there. The impediment, as I see it, is that X + Y is equalling market rent and not that X + Y is equalling 25% discount on market rent. I understand the Land Development Agency is doing work on the possibility of some form of subsidy fitting in there so that it would be X + Y - subsidy equals 25% discount on market rent. Will the representatives comment on whether that is the model that will unlock a lot of this PRS stock? My view is that it would.
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