Results 3,961-3,980 of 14,943 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: So, it would be pretty low.
- 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 my final question. I got a response back to a parliamentary question on recapitalisation. I will come to this if there is more time, Chair. The interesting point is that, if I am correct, there is a member of the Department of Housing, Local Government and Heritage currently on the LDA's board.
- 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 reply to the parliamentary question said there was a representative of the Minister for Housing, Local Government and Heritage on the board, but I also understand there is a request from the Department of Finance. Am I correct in saying there are now requests for two new board positions, one from the Department of housing and one from the Department of Finance?
- 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: But it is not a surprise that I have raised it with Mr. Coleman.
- 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: Sure, but ultimately these are also matters for the LDA. Has any formal request for additional board positions from the Department of housing and the Department of Finance been made to the LDA to date? Is Mr. Coleman saying no formal request has been made?
- 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: But Mr. Coleman is not aware of any such appointment.
- 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 will make a final point, with your indulgence, Chair. I am desperately trying to get a copy of the NewERA report into the LDA but the Minister will not give it to me. I have submitted a freedom of information, FOI, request. I am sure if I send an FOI request in to the LDA it would refer to "commercial sensitivity". Could Mr. Coleman tell us anything about the report, because there are...
- 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%.