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

An interim board is in place, but a permanent CEO was appointed recently. In the past year it has been given the capital to begin to proceed to progress work on sites, which is what it has been doing. Eight sites are coming across to the Land Development Agency. Legislation to establish it on a statutory footing which is not necessary to enable it to do its work but which is important will be published shortly. We hope to have it enacted early next year, at which point the agency will be capitalised by the Ireland Strategic Investment Fund to a sum of €1.25 billion. The first four sites which will comprise about 1,200 homes, about 60% of which will be social and affordable units, well above the 40% minimum commitment.

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