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Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I thank Mr. Quinlan. We are just out of time on that slot. Is it Deputy O'Donoghue or Senator Boyhan who is next? Will the Deputy please identify himself and confirm that he is within Leinster House? I cannot see him on the screen.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I will bring in Senator Boyhan, and if Deputy O'Donoghue can make his way to the confines of Leinster House, then I can bring him in on the next round. I invite Senator Boyhan to go ahead.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: We are out of time on that slot but we can return to it.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: On the cost rental aspects, if I could come in on head 22, there is a term in it, "equity return". First, if I could say, the cost rental is very positive. It is something that we have been looking for for a long time. Particularly, the Viennese model is one that we had proposed. The tenure security that is contained in it and the link in the rental review are excellent. If we could see...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: Yes.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: What is built into this legislation to prevent a profit-driven motive in the provision of cost rental?

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: Once the overall cost of a cost rental dwelling has been covered, is that when the equity return starts? Does the rent become the equity return once the initial costs have been covered?

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I have one last question on cost rental. If people go through their lives with regular employment or income, whatever that may be, and then they reach retirement age and their level of income drops, can the cost rental model be adjusted based on that income differential?

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I thank Mr. Nicholson. I call Deputy Cian O'Callaghan.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: Thank you, Mr. Quinlan. I must end that section there. I let it run on because the concern Deputy O'Callaghan raised on that is an important point. Senator Moynihan is next.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: Okay, I will move on to the next person who is present. I am sorry, Senator Moynihan, but I must stick by the rules and the speaking slots.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: The next slot is a Fine Gael slot after that of the Labour Party. I can move on to Sinn Féin if you wish.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I am sorry. I did not notice that message from Deputy Gould. I call Deputy Gould, and thank Deputy Higgins for pointing that out.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: We have reached the end of this time slot.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I thank Mr. Nicholson. I have no doubt there will be more questions on that issue. There will be time for such questions.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I thank the Deputy for sticking within the timeframe.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I thank Mr. Nicholson. I call Senator Fitzpatrick, followed by Senator Cummins. We will then be moving to the third round of questions. I invite members to indicate to me now if they want to questions in the third round.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I thank Mr. Quinlan. I think we have covered everybody due to speak in that round. I will follow up briefly on the point made by Senator Cummins on the public-private mix in trying to achieve the target of building the 33,000 units we need each year, initially anyway. Where the State invests significantly in the provision of infrastructure, and especially in public transport, it also...

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I apologise to Mr. Nicholson but we are almost out of time and I need to bring in Deputy O'Donoghue and possibly Deputy Cian O'Callaghan, if there is time.

Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Affordable Housing Bill 2020: Department of Housing, Local Government and Heritage (9 Feb 2021)

Steven Matthews: I call Deputy Cian O'Callaghan. It would be great if he could keep to two minutes.

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