Results 461-480 of 1,113,956 for in 'Dáil debates' OR (speaker:Damien English OR speaker:Catherine Murphy OR speaker:Peter Fitzpatrick OR speaker:Verona Murphy OR speaker:Louise O'Reilly OR speaker:Pearse Doherty OR speaker:Mick Barry OR speaker:Kathleen Funchion OR speaker:Johnny Guirke OR speaker:Denise Mitchell OR speaker:Patrick O'Donovan OR speaker:Róisín Shortall OR speaker:Gerald Nash OR speaker:Martin Heydon OR speaker:Dara Calleary OR speaker:Neasa Hourigan OR speaker:Pa Daly OR speaker:Micheál Martin OR speaker:Holly Cairns OR speaker:Darragh O'Brien OR speaker:James O'Connor OR speaker:Brian Stanley OR speaker:Chris Andrews) in 'Committee meetings'

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

Brian Stanley: Who is getting the extra cash? There is a notional thing involved. I do not mean to be dismissive of Mr. Coleman and I do not mean it that way but because there is this notion around certain areas, they are more expensive. The hard fact is that this land was acquired from the local authority for a nominal sum. A builder comes in. Concrete blocks cost the same to build in Shankill as...

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

Brian Stanley: Who is getting the cash?

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

Brian Stanley: That is because there are notions around where properties are.

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

Brian Stanley: I am trying to deal with these affordable homes. These are apartments. We are not talking about mansions.

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

Brian Stanley: It goes to the local authority.

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...