James Geoghegan (Dublin Bay South, Fine Gael)
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360. To ask the Minister for Housing, Planning, and Local Government if he has considered giving the LDA greater borrowing powers; if he will outline any other borrowing models that have been considered by his Department; and if he will make a statement on the matter. [68164/25]

James Browne (Wexford, Fianna Fail)
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Under Delivering Homes, Building Communities, the LDA’s role is being expanded to include delivery across a wider geographical area, working in partnership with housing developers of all sizes to deliver more homes across all tenure types, including social and private. This will involve the LDA acquiring more private and state land, investing in infrastructure delivery to unlock additional homes, and supporting planning and delivery of new communities. The LDA will also be playing a fundamental role in the Starter Homes Programme.

As part of this new plan, the Government has committed to providing additional equity funding of €2.5 billion to the LDA, giving it access to total capital of €8.75 billion, including €1.25 billion of borrowing capacity. It is intended that the LDA will extend the impact of the additional equity funding by sourcing external finance, including debt, to support its objectives.

My Department is currently drafting a General Scheme which will amend the Land Development Agency Act 2021 to give effect to this expanded remit. In collaboration with the Agency and relevant Government Departments, my Department will consider increasing the statutory limits on LDA borrowing.