Written answers

Tuesday, 15 October 2013

Department of Environment, Community and Local Government

Planning Issues

Photo of Michael Healy-RaeMichael Healy-Rae (Kerry South, Independent)
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207. To ask the Minister for Environment, Community and Local Government the number of developers bonds that are sitting in banks accounts; the amount of interest these bonds have created in view of the fact that many have been invested for more than ten years; as these bonds are retained to ensure estates and developments are completed, the reason this has not happened. [43441/13]

Photo of Tom FlemingTom Fleming (Kerry South, Independent)
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240. To ask the Minister for Environment, Community and Local Government the number of planning development bonds sitting in banks accounts in each county; the value of these bonds on a county basis; the amount of interest these bonds have created with many being invested for more than ten years; the reason all of this money was not used to date to complete unfinished estates; and if he will make a statement on the matter. [43446/13]

Photo of Jan O'SullivanJan O'Sullivan (Limerick City, Labour)
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I propose to take Questions Nos. 207 and 240 together.

My Department does not collect information on each and every planning security held in respect of all housing developments in the country, as this is a matter for the individual local authorities. General guidance has been issued to all planning authorities on matters such as recommended types of securities, requirements for securities, default events, standard templates for wording of bonds, recommended levels of funding to be provided by securities and arrangements for their ultimate release when a development is complete. This guidance is available on my Department's website at .

Each local authority has a co-ordinator in place for action on unfinished housing developments, and they are working with my Department and all relevant stakeholders in progressing the Government's Action Programme on such developments. I will be publishing a report on progress achieved under this programme later this year.

Information on bonds held by local authorities may be obtained from the authority concerned.

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