Oireachtas Joint and Select Committees
Tuesday, 31 May 2016
Committee on Housing and Homelessness
National Treasury Management Agency and Department of Finance
10:30 am
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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Dublin City Council, for example, is currently considering a similar model that involves bringing in the private sector. It is leveraging its land. The difficulty when one brings in the private sector is that the cost of building the units, including all the compliance, is significantly higher than when local authorities alone are involved. I am specifically interested in a local authority partnership which leverages land and reduces the cost of producing units to a level well below that of the private sector. Such an approach is still off-balance sheet because there is a commercial return from the affordable units and those available for purchase.