Albert Dolan (Galway East, Fianna Fail)
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467. To ask the Minister for Housing, Planning, and Local Government to provide data on the total amount spent on the Land Development Agency, including operational costs, land acquisition and housing development, in each of the past five years, in tabular form. [15239/25]

Albert Dolan (Galway East, Fianna Fail)
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468. To ask the Minister for Housing, Planning, and Local Government to provide data on the total funding allocated to the Land Development Agency (LDA) in each of the past five years, in tabular form; and the number of housing units delivered through LDA projects, per year. [15240/25]

Albert Dolan (Galway East, Fianna Fail)
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470. To ask the Minister for Housing, Planning, and Local Government to provide links to official reports, documents, and published datasets detailing the total funding allocated to the Land Development Agency (LDA) in each of the past three years; and to provide reports outlining the number of housing units delivered through LDA projects, per year. [15242/25]

James Browne (Wexford, Fianna Fail)
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I propose to take Questions Nos. 467, 468 and 470 together.

LDA Funding

The Land Development Agency (LDA) was established on an interim basis in September 2018 through S.I. No. 352/2018. The Land Development Agency Act 2021 was signed into law in July 2021. Following the commencement of the relevant provisions of the LDA Act, the interim LDA entity was dissolved and all functions and staff of the interim LDA entity transferred to a new LDA Designated Activity Company (DAC) on 31 March 2022. This LDA DAC was incorporated by the Company Registration Office in December 2021.

The annual cost to the Exchequer of the interim LDA entity between September 2018 and its dissolution in 2021 is set out in the table below:

The commercial activities of the LDA DAC are not funded by the Exchequer. However, funding is provided to cover expenditure associated with their non-commercial functions. These functions are detailed under Section 29 of the LDA Act 2021 and include the maintenance of the Register of Relevant Public Lands, the development of a report to Government on relevant public lands and any functions associated with the development of a Strategic Development Zone as provided for under Part IX of the Planning and Development Act 2000, as amended.

The annual Exchequer cost of the LDA following the dissolution of the interim LDA entity and the establishment of the LDA DAC is set out in the table below:

Exchequer funding of €2.6 million (€2.3m Capital and €300,000 Current) is being provided to the LDA for 2025 which is to cover expenditure associated with their non-commercial functions.

The commercial activity of the Agency is funded from the Agency's capital.

There is now legislative provision for up to €6.25 billion in capital for the LDA, split between:

• €1.25 billion from ISIF;
• €2.5 billion from the proceeds of the disposal of NTMA directed investments;
• €1.25 in borrowing; and
• €1.25 billion that can be raised by the LDA through the performance of certain functions in the LDA Act or arrangements referred to in the Affordable Housing Act 2021 as provided for by the Local Government (Mayor of Limerick) and Miscellaneous Provisions Act 2024.

• €100m on establishment in March 2022;
• €250m in February 2023;
• €275m in April 2023;
• €300m in November 2023;
• €325m in May 2024; and
• €100m in January 2025