Conor Sheehan (Limerick City, Labour)

We know the LDA has delivered 2,054 homes between 2018 and 2024. The biggest issue is that, of that figure, only 281 homes were delivered through direct delivery, with the majority delivered through Project Tosaigh. How does the Minister intend to ensure the LDA is adequately capitalised? What is his view of the current financing model of the LDA? I believe the LDA cost rental model is broken. Rents are way beyond the reach of those for whom cost rental was intended and the financing model is completely different from how cost rental operates in other countries. It is very clear the LDA will not meet its targets unless it continues to buy turnkey assets. Will the Minister clarify his view on the current financing model and whether he believes the LDA needs to refocus its mandate?

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