Oireachtas Joint and Select Committees
Tuesday, 23 January 2024
Joint Oireachtas Committee on Housing, Planning and Local Government
Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency
Mr. John Coleman:
The STAR, in particular for cost rental, is critical in keeping rents down. The way we look at it is, overall, whether it is the LDA or STAR, the funding is coming from the Government. It is all State money. It is the left pocket and the right pocket of the same pair of trousers. We always focus on what is the top level way to drive value for money at the build or acquisition price and then, assuming that we have got a competitive price to deliver the home, the financial allocation between LDA equity and STAR is all about trying to get the rents down to an appropriate level.
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