Oireachtas Joint and Select Committees

Wednesday, 16 October 2024

Select Committee on Housing, Planning and Local Government

Estimates for Public Services 2024
Vote 34 - Housing, Local Government and Heritage (Supplementary)

5:30 pm

Photo of Steven MatthewsSteven Matthews (Wicklow, Green Party)
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That is good. The CREL loan in subhead A28 was the cornerstone for cost rental and it is important to see that money going into it. We increased the percentage because costs are rising, and we are trying to keep rents at cost-rental at an affordable level. We have the 40-year model in the Affordable Housing Act. Is there a reason we cannot go beyond 40 years to bring down the overall cost of rentals, aside from it being in the legislation, which I accept? Would 45 years go against lending rules? Apart from increasing the allocation the whole time, can we look at spreading it out longer?