Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

On Deputy Ó Broin's first question, the provision allows for exactly what he has outlined. Taking Carrigaline as an example that has been raised in the House, the passing of this provision would give me, as Minister, the power to add the portion in question to an RPZ even though it would not, on its own, meet the criteria for an RPZ.

On Deputy O'Callaghan's question, we will see reporting of existing rents and new rents as well. New rents being sought on new properties can skew things. We are certainly seeing an impact on rents for existing properties. I reduced the rate from 4% to 2%. We have also increased the renter's tax credit. I wanted to give certainty while we are looking at what would replace RPZs. There is a sunset clause at the end of this year. I do not think anyone wants to come up against a cliff edge. I wanted to be able to say quickly and clearly that the RPZs would extend through all of 2025. As the Deputy knows, the rental market review is under way. This Government and the next will decide what types of rent controls will replace RPZs as we increase supply.

On Deputy Ó Broin's second question, amendment No. 830 relates to NARPS. Its transfer to the LDA is an important part of NAMA's remaining commercially focused activity. It will take place as part of the wind-down and ultimate dissolution of NAMA by the end of 2025. It is an action under Housing for All that we would agree the process to allow for the transfer of NARPS from NAMA to the LDA. This allows that to happen. The acquisition of NARPS also plays a key role in the financial projections of the LDA.

Amendment No. 831 relates to granting the LDA the power to establish and join OMCs. Given that the agency now has properties, we want to bring them under the Multi-Unit Developments Act 2011. This will allow Shanganagh, Glenageary and all the various sites it is delivering at the moment to join. Given we have residents in LDA properties, we want to provide an opportunity for the agency either to establish or join OMCs.

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