Oireachtas Joint and Select Committees

Wednesday, 17 October 2018

Joint Oireachtas Committee on Housing, Planning and Local Government

Appropriate Use of Public Land: Discussion

9:00 am

Mr. Niall Cussen:

I am glad to try to answer all the questions that have been asked. I want to say categorically that the 10% and 30% framework, in the context of the affordable and social housing requirement or obligation on State lands, is not based on any economic or balance sheet dogma. There is no attempt to keep this off the balance sheet. The LDA has a deliberate intention to stand on its own feet commercially outside the general Government sector. That will give the LDA a lot of flexibility in how it is capitalised and how it can function in the broader land market. The 10% and 30% framework is not being done in a way that would enable that.