Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

What we have agreed in principle with other political parties, including Fianna Fáil, Sinn Féin and others, on O'Devaney Gardens is to use it as an example of a new approach to delivering communities of mixed tenure. These will have 30% social housing and 20% for affordable rental. It will not be just for market rents; that would contradict the term "affordable rental" in that part of Dublin. There will be 50% for private development. It has not been agreed as to what level of financial cost or charge will be asked of a developer with regard to that site or whether we will get a dividend through paying for social housing or financing affordable rental units. That has yet to be worked out by Dublin City Council and it will come back to me with agreed models when it puts them together. There will be a big fund from my Department to finance social housing projects. We already signed off on €17 million a number of months ago to build 56 units at O'Devaney Gardens.

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