Dáil debates

Wednesday, 31 January 2018

Other Questions

Home Loan Scheme

11:10 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The Minister has not answered the question. We were told earlier that the 40% target for affordable housing on sites by the local infrastructure housing activation fund, LIHAF, was abandoned because it would affect commercial viability, that is, the profits of the developers. Affordability was abandoned. Neither the Minister nor Dún Laoghaire-Rathdown County Council can tell me what percentage of affordable housing we will get back from LIHAF on, I repeat, one of the biggest development sites in the State, nor can the Minister tell us what the price of so-called affordable housing will be. Let me remind him and correct him on what he said earlier. Two people earning €75,000 between them can, including a deposit, borrow €288,000.

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