Results 11,001-11,020 of 15,092 for speaker:Eoin Ó Broin
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Does Mr. Coleman agree with everything that is in the report?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Is Mr. Coleman happy enough with the report? Does he think it is a fair and accurate depiction of what is going on?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: I have more questions but I will take them after. Somebody else can come in now.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: I have a final question on the financing model, just so that I understand it. One of the principles of cost rental is full cost recovery. The idea is that at a certain point the full cost of financing and delivering the product is meant to be paid down. I may be simplifying it, but let us take the example of a single unit, whatever the price of that unit may be, of which I am the tenant....
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: That is when the operational costs, the day-to-day costs of running the facility, are taken out.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: I am sorry for cutting across Mr. Coleman. That 22% is minus the tax component and the day-to-day operational costs.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: The LDA pays 25% on the 22% net rent.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Yes.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Some 40%, therefore, goes on management and maintenance-----
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: -----and then 60% is left over.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: The LDA pays tax on the 60%.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Okay. The 25% rate of tax is levied on that 60%. Where does the remainder then go? Is all of it eaten up by that return the LDA must take account of?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: This is all concerned with what Mr. Coleman was talking about earlier as the return.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Okay. Mr. Coleman, though, did say that is quite small.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: Okay. Perfect. I have a couple of other quick questions. Turning to the LDA and land costs, it was mentioned earlier that in projects, and obviously this is particular in respect of Project Tosaigh, if the unit price of land goes up to about €75,000, the LDA will be out of business in terms of that scheme. I presume that is before the STAR investment initiative comes, or is this...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: I refer to what this means for the prospect of there being any inner urban Dublin cost-rental projects. Again, if we were to look at SCSI reports, for example, they posit a unit price for land of about €69,000, including inner urban, suburban and commuter belt areas. Generally, speaking, inside the canals, then, and I know land prices are a tricky thing to quantify, we would not be...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: It would be too expensive for the LDA.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Update on Affordable Homes, Public Lands, Strategic Planning and Projects: Land Development Agency (23 Jan 2024)
Eoin Ó Broin: No. I am just talking about Project Tosaigh.