Oireachtas Joint and Select Committees
Thursday, 4 May 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion
Mr. Paul Hogan:
I mentioned Part V a couple of times. In looking at models for community gain and how we might enhance the ability of local authorities to support infrastructure and facilities to service development, we were looking at different models and different ways of doing it, in the same way as Mr. Justice Kenny did. There are loads of different ways we can tackle this. If we root it in Part V, as a kind of established principle, one option is to extend the logic of Part V, which is 10%, 15% or 20% depending on where and when. The question is how far to go with that. There is a certain logic to sharing, which is 50:50. That is where the term "land value sharing" comes in, as opposed to "land value capture", which is used elsewhere. The principle of no more than 30% was when we combine it with the 20% Part V, the 30 plus 20 leads to 50%, which is almost like a kind of shared basis on which to go forward in terms of development land in the future.
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