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Results 341-360 of 1,078,187 for in 'Dáil debates' OR (speaker:Ciarán Cuffe OR speaker:Brian Stanley OR speaker:Rose Conway-Walsh OR speaker:Peadar Tóibín OR speaker:Matt Carthy OR speaker:James O'Connor OR speaker:Johnny Guirke OR speaker:Simon Harris OR speaker:Joe Flaherty OR speaker:Ossian Smyth OR speaker:Sorca Clarke OR speaker:Malcolm Noonan OR speaker:Imelda Munster OR speaker:Aengus Ó Snodaigh) in 'Committee meetings'

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: When you look at value, €378,000 is very high when we are talking about affordable homes. That is the point I am trying to make. The prices are still coming in high. The opening statement was informative. The committee sometimes hears opening statements that are not very informative. In his opening statement, Mr. Coleman said, "The average rent for an LDA-provided home is...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Overall, Mr. Coleman, is it one of these sought after locations or what was the situation with the land there? Who owned the land before the LDA built there?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: It was a greenfield or a brownfield site.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Tell me how that worked and explain to me what happened. The LDA entered into an arrangement with Cairn Homes for the design and build. The LDA still owns the land and owns the property at this stage. Is the development finished?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I imagine it is an area of high demand because there is a lot of commercial activity around it.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: It is a strategic location, I get that, and it is a welcome development. I am trying to determine the reason for the discrepancy between the €1,350 average rent and yet we have these modest two bedroom apartments in Citywest running up to almost €1,800. They are running at up to 25% more than the average.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Where are the units that cost €990?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Where outside of Dublin? That could be anywhere. Outside the Pale?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: They are in Limerick city.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: That is good. That is for a one-bed.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: How many square metres are they?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Will they be A-rated?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Are they turn-key properties?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Okay. Is that working out cheaper?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Everything is predicated on the actual cost of delivery - rents, the amount of equity if you are using the help-to-buy scheme, which is effectively what is happening here for the purchaser and all of that. In cases where people are buying affordable housing, if some of them are that, all of that is predicated on the cost. That will determine the rent going forward, or the mortgage in the...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Would it be cheaper in some cases to buy a turn-key because the cost of delivery through this model we just discussed for ten minutes seems to be very high?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I understand that.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I propose to suspend the meeting for ten minutes and we will resume in public session.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I call Deputy Farrell, who has ten minutes.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Who will take that question, will it be Mr. O'Neill?

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