Oireachtas Joint and Select Committees
Thursday, 10 October 2024
Public Accounts Committee
Financial Statements 2023: Land Development Agency
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source
That is what we need to know. All of it is on it.
I remember raising affordable housing in the Dáil a few years ago. Obviously, in the period of austerity it was difficult to start a conversation about social housing or affordable housing. Cost rental had not even entered the equation here and some of us were trying to get this idea of cost rental going. It is a brilliant idea and has been the missing piece in Ireland for a long time; not having a cost-rental model as outlined on a not-for-profit basis. Obviously, it has to pay for itself over a period of time.
They are built through a non-profit organisation like the LDA or through a housing trust, local authority or approved housing body, whatever. There are different models used across Europe and I know the LDA has looked all of these and we have looked at them a bit as well. The concept is very good because it is widely accepted we have a Wild West private housing market and this provides another method of getting houses for working people and for people who cannot get on a local authority housing waiting list and who, on the other hand, cannot get to that magic figure to borrow to buy, particularly in the larger urban areas. We have all come across such people. The concept is very good and I am a big supporter of it.
To get down to the business of what has been delivered to date; at the end of 2023, the LDA had 5,600 homes in the planning or design phase and it had 1,000 in construction. The LDA had delivered 850 units; 650 cost rental and 250 affordable homes. They are in place and either ready to be occupied or they are occupied. Is that number of 850 correct?
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