Written answers

Tuesday, 16 July 2013

Department of Environment, Community and Local Government

Property Valuations

Photo of Aengus Ó SnodaighAengus Ó Snodaigh (Dublin South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

828. To ask the Minister for Environment, Community and Local Government the value of land purchased by individual local authorities for the purposes of social housing and other developments that have been transferred over to the land aggregation scheme from 2008 to 2012. [35295/13]

Photo of Aengus Ó SnodaighAengus Ó Snodaigh (Dublin South Central, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

829. To ask the Minister for Environment, Community and Local Government the value of land purchased by individual local authorities for the purposes of social housing and other developments that will be transferred over to the land aggregation scheme in 2013. [35296/13]

Photo of Jan O'SullivanJan O'Sullivan (Limerick City, Labour)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 828 and 829 together.

The Land Aggregation Scheme was introduced in 2010 as part of revised arrangements for the funding of land for social housing purposes.

From the introduction of the Scheme up to the end of 2012 lands with an estimated total loan value of €147.1m have been approved into the Scheme in respect of 68 sites in nineteen local authority areas. The figure of €147.1m includes €111m in respect of loans which have been fully redeemed by local authorities and the funding recouped from my Department, under the original terms of the Scheme. The remaining €36.1m is in the form of annuity loans with the Housing Finance Agency (HFA), for which local authorities are making repayments to the HFA, and recouping these payments from my Department.

To date in 2013, four sites with an estimated annuity loan value of €13.4m have been approved into the Scheme.

Comments

No comments

Log in or join to post a public comment.