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Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: Part V

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: Will Mr. Jones explain that for us slow learners in the room? It is 31-----

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: I will ask both Mr. Jones and Mr. Keran this. In the previous session, we had a long exchange with the Department about market value versus what is called transaction value or the actual price paid. I raised a question around the transaction value impact on the market value. Imagine that up to a certain point in time, land has a value of X euro per hectare. Then somebody comes in or there...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: A good example is Poolbeg SDZ. We can only go on media reports because we do not have a land register. It has been widely reported that the Ronan Group paid 25% above the guide price for the Poolbeg site. That is a significant matter. We have quite a few responses from the Department of Housing, Local Government and Heritage to freedom of information requests about what market values in...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: It makes absolute sense, but we also have a property price register. In some senses, the market value is the price that people pay for properties at a point in time. When people are then going to sell properties, or indeed assess whether the purchase price of a property is reasonable, one of the great things about the property price register is that we can now go and check what prices are...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: I was just thinking out loud.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: It is not that he was against betterment taxes. We were chatting about this at the start. I am not against this Bill. I believe there is real merit in betterment taxes, but one of the points that Mr. Justice Kenny made was that betterment taxes are always passed on to the purchaser of the homes. If I understood his argument correctly, and our colleagues here would know this much better...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed) (16 May 2023)

Eoin Ó Broin: We had all of this discussion in the last session Chair.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: 74. To ask the Minister for Housing, Planning, and Local Government the number of affordable homes he intends to deliver in 2023 and 2024 via the affordable housing fund, the cost rental equity loan, Project Tosaigh and Land Development Agency, LDA, direct delivery. [23808/23]

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Could the Minister set out for the House the number of affordable homes that he is hoping to deliver, this year and next year, specifically under the affordable housing fund, the cost rental equity loan, Project Tosaigh and LDA delivery?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Although all very interesting, it does not answer the simple question that I asked. Here is the problem. Over the last number of years, under the previous Government's plan and the Minister's plan, we know the target for social housing delivery each year. In fact, not only do we know the target for social housing delivery, but it is broken down by local authority and by delivery stream...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Absolutely.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: This year?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: The Minister has answer a quarter of the question I asked. Maybe, in his final response, I will get the other three quarters. The question is simple and I am not trying to catch the Minister out. The Minister has told us - this is the first time I have this information - that he is hoping to get 1,200 affordable purchase units from the affordable housing fund. How many is the Minister...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: How many?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Does the Minister have a target for this year? It is a fair question.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Are those 200 included in the 1,200?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: It is a genuine question. I am not interrupting the Minister.

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Are the 200 local authority cost rental included in the 1,200?

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Housing Provision (18 May 2023)

Eoin Ó Broin: Given that I asked the Minister the question today, surely the Minister can give me the answer today.

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