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

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

But the difference is that at a certain point in time - this is really important for the long-term viability of cost rental - under the debt-financing model, debt is paid down and the AHB physically owns the unit and therefore the rent that was previously paid whereby approximately 50% of it was paying down the debt, is an additional revenue surplus from that point on. Under the LDA's model, we do not ever get that, we just get the minimal return annually.