Seanad debates

Friday, 4 June 2021

Affordable Housing Bill 2021: Committee Stage (Resumed)

 

9:30 am

Photo of Malcolm NoonanMalcolm Noonan (Carlow-Kilkenny, Green Party)

I thank the Senator. In reference to the first section and amendment No. 26, section 7(5) refers to the situation where the housing authority has entered into an arrangement with an approved housing body, AHB, the Land Development Agency, LDA, or a public-private partnership, PPP, for the provision of dwellings and the amount which the housing authority has agreed to pay the contractor, AHB, etc., is greater than the amount for which the housing authority proposes the homes be sold to purchasers under the direct sales agreement. For example, the housing authority may be in a position to subsidise the homes further. Here, it is envisaged that the direct sales agreement would provide that the homes be sold - by the contractor, AHB, etc. - to the purchaser for the lower price but the housing authority would make up the difference to the contractor, AHB, etc. I hope that clarifies the position.

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