Oireachtas Joint and Select Committees

Tuesday, 25 April 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

Housing for All: Department of Housing, Local Government and Heritage (Resumed)

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

They need to be encouraged. We have changed the affordable housing fund to allow increased subvention from our Department within that. Tomorrow, for argument's sake, South Dublin County Council will be turning the sod on 134 cost-rental units. That is the first time South Dublin County Council has done that directly. Fingal County Council and Dublin City Council will be doing direct schemes as well. It is about scaling them up to do it. We need to make changes to the cost-rental equity loan, CREL, for further delivery, but that should not stop people bringing developments forward, because those changes will happen. With regard to the structure, we have increased CREL to 45% from 30% and we have allowed upfront costs.

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