Oireachtas Joint and Select Committees
Tuesday, 25 April 2023
Joint Oireachtas Committee on Housing, Planning and Local Government
Housing for All: Department of Housing, Local Government and Heritage (Resumed)
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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Yes, we are talking about the Land Development Agency, whether it is managed through an approved housing body, AHB, or not.
We know what is in Project Tosaigh phase 2 and what elements of it relate to cost rental and a sizeable portion of them do as well. Cost rental is capital heavy. It is not like affordable purchase, where one gets capital back. Funding needs to be done upfront and the rent is paid back, which gives the required income. That is why the subvention and capitalisation of the LDA is very important.