Alan Dillon (Mayo, Fine Gael) | Oireachtas source

I thank the Deputy for his response. I do not have the information to hand but I will provide it to him after this session. The purpose of today’s discussion on the amendment is to increase, from €1.25 to €2.25 billion, the amount the Minister for Finance may direct the National Treasury Management Agency to pay to the Land Development Agency for the proceeds of the disposal of direct investment. Again, we want to ensure the LDA is sufficiently capitalised to deliver its ambitious programme on delivering affordable, cost-rental and social housing delivery, not only on State land but also on the private market. It is really important the agency has these funds at its disposal to continue to deliver on the ambition contained in its business plan in the coming years. That is why this amendment has been brought before the House today.

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