Dáil debates
Thursday, 21 January 2010
Social and Affordable Housing.
4:00 pm
Ciarán Lynch (Cork South Central, Labour)
The Minister of State said local authorities could not take the hit when they reduce the price of a property by finding money from somewhere else. However, local authorities should go back to developers so that the latter can take their share of the hit. The Minister of State seems comfortable with developers holding onto agreements made at the height of the property bubble and holding local authorities to ransom.
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