Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

It is important to note that on the Shanganagh Castle site, which predates the Land Development Agency, we do not know if the purchase homes will be affordable because the LDA does not yet have a purchase price for them. The LDA has told Dún Laoghaire-Rathdown County Council that the rental units will cost €1,300 a month, which is not affordable for many of the cohorts. On the Central Mental Hospital site in Dundrum, the original proposition for the LDA was that 60% of the homes would be sold at open market prices. If the Minister of State is saying that is no longer possible and that all the sites in which the LDA is involved will be solely social affordable rental and purchase homes, that would be a big shift and one that many of us may welcome. Let us remember, however, that in O’Devaney Gardens, which is a Dublin City Council rather than an LDA site, 50% of the homes will sell at prices of approximately €470,000. The so-called affordable homes will be sold for €310,000, plus an equity stake of €50,000, which amounts to €360,000. That is not affordable. I hear what the Minister of State is saying and we will judge the legislation when we see it, but we have developments today where public land is being used for unaffordable open market price houses and allegedly affordable homes that are unaffordable. That is a problem not just for our voters but for the voters of all of the parties in government as well.

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