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:

I would say that could be achieved by discussions with the Department. I imagine it could provide that visibility. It sees everything that happens, including from the LDA, the AHBs and the local authorities. I have no doubt but that it can provide those comparisons. It is my belief, as I sit here today and give evidence to this committee, that the LDA is not paying any more than AHBs.

On the criticism on the level of rents, the LDA is a policy taker from the Department. The LDA sets the costs rents based on the acquisition but also based on our funding mechanism, which is partially funded through direct investment by the State but also by the Government's STAR scheme. The end objective of this is that LDA's cost rents and the AHBs' cost rents will be the same. There should not be a like-for-like property in one development versus another with massively different rents. The same issue applies to AHBs to the extent that-----