Seán Ó Fearghaíl (Kildare South, Fianna Fail)
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Question 906: To ask the Minister for the Environment, Heritage and Local Government the advice he has provided to local authorities with regard to Part V affordable units in areas where the open market value of new houses has significantly declined, and in such situations where local authorities may have arrived at understandings with developers; and if he will make a statement on the matter. [22900/08]

Michael Finneran (Roscommon-South Leitrim, Fianna Fail)
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Local authorities have been advised to conclude Part V agreements at the earliest possible stage to ensure the successful delivery of social and affordable housing. In considering whether to enter into an agreement on an alternative to the transfer of a percentage of land which is the subject of the planning permission, local authorities must consider, inter alia, whether the agreement will contribute effectively and efficiently to the achievement of the objectives of its housing strategy and constitutes the best use of resources available to it.

Local authorities were further advised that they may, for the purposes of enhancing affordability, further subsidise the cost of units acquired under Part V by using any monies they may have accumulated as a result of agreements reached with developers.