Oireachtas Joint and Select Committees

Tuesday, 18 October 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Implementing Housing for All: Discussion (Resumed)

Mr. Brian Geaney:

There will be a new call by the LDA through Croí Cónaithe. We expect that some developers in the city or holders of those proposed developments will put in a submission to that call. In addition, looking back at our project on Lancaster Quay with Clúid Housing Association, the 1% interest rate increase has changed the model radically in terms of trying to get back down to rents in the order of €1,100 for a two-bedroom apartment. There is also the hyperinflation in construction prices, which is an added dimension and problem.

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