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:
We set the rents when the properties are ready. We do so by working out with the Department of Housing, Local Government and Heritage the level of subsidy we can get, which essentially sets the rent. We will do that when the units are completed. We are very much focused on pushing to get the rents down as much as we can and on landing them roughly in the middle of the affordability level of the people we are targeting. That involves the middle tier of income earners, particularly for affordable housing. We will need to let the project advance a little more, but once we get closer to the end we will have good clarity on what the rents will be.