Written answers
Tuesday, 7 November 2023
Department of Housing, Planning, and Local Government
Departmental Bodies
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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605. To ask the Minister for Housing, Planning, and Local Government if his Department has received or approved a capitalisation request from the Land Development Agency for additional capitalisation beyond the monies sanctioned to date under the terms of the Land Development Agency Act 2021. [47494/23]
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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606. To ask the Minister for Housing, Planning, and Local Government if his Department has requested capitalisation for the Land Development Agency for additional capitalisation beyond the monies sanctioned to date under the terms of the Land Development Agency Act 2021; if so, when; from which agency; and the amount. [47496/23]
Cian O'Callaghan (Dublin Bay North, Social Democrats)
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653. To ask the Minister for Housing, Planning, and Local Government if he will provide details on the source of the additional funding he plans to provide the LDA, announced on 10 October 2023; and if he will make a statement on the matter. [48055/23]
Darragh O'Brien (Dublin Fingal, Fianna Fail)
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I propose to take Questions Nos. 605, 606 and 653 together.
The LDA currently have access to €1.25bn of capital from the ISIF, of which they have drawn down €625m to date. They expect to draw down the remaining €600m by year-end 2023. They also have the ability to borrow up to €1.25bn.
Discussions on the funding needs of the draft LDA Business Plan 2024-2028 and the combination and source of such funding for the LDA are ongoing between my Department, DPENDR, DFIN, NewERA and the LDA.
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