Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The LDA's Project Tosaigh will do much of what Deputy Boyd Barrett suggests. Recently, the Government discussed a developing situation whereby a significant number of sites had been earmarked for build-to-rent apartments but the private sector was unlikely to proceed with those developments because of changes in the interest rate environment. They can now look elsewhere for returns in non-property investments. For example, they can buy Government bonds and so on. The apartment model is probably less attractive now than it was six to 12 months ago. The LDA is positioned, is capitalised and has the resources to step in, purchase and develop out those schemes.

There is potential. Like the Deputy, we want a reduced dependence on current expenditure and rental supports and an increased emphasis on capital expenditure and building permanent homes.

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