Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

It remains to be seen what will be agreed by different local authorities in respect of the sites that are being developed or opened up thank to the LIHAF funding. It is important that the local authorities use that funding to leverage as much affordability as they can. Obviously, there is optionality open to them.

Whether we are considering Cherrywood or any other site, we have to bear in mind exactly what proportion of money is being brought to bear by the Government relative to the overall amount of money that would be required to develop the site, how that money is being invested and what it will release for the community that will be there. The most important thing is that we are seeing new supply. The affordability commitment can and must be made. If LIHAF funding is being brought to bear on any development through a local authority to open up that new supply, there must be an additional affordability criterion above and beyond the existing Part V commitment under the development.

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