Results 461-480 of 1,078,310 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Ciarán Cuffe OR speaker:Maurice Quinlivan OR speaker:Marian Harkin OR speaker:Catherine Murphy OR speaker:Holly Cairns OR speaker:Martin Browne OR speaker:Ruairi Ó Murchú OR speaker:Joan Collins OR speaker:Robert Troy OR speaker:Jennifer Whitmore OR speaker:Brian Stanley OR speaker:Verona Murphy OR speaker:Michael Ring OR speaker:Patrick Costello)

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

Brian Stanley: All those ones in the pipeline will be 100% cost rental or affordable to purchase.

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

Brian Stanley: Sorry, yes. Okay. Is it anticipated that this will cool the housing market, for want of a better term, and that, particularly in these high-cost area, it has a cooling effect because if there are homes being provided at a moderate price, and more stable one, the option of cost rental obviously reduces demand out in the wild west or the open market?

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

Brian Stanley: The theory is good but my only concern is with how it is working in practice. I take on board what Mr. Coleman is saying in relation to some factors he does not have control over but the overall cost per home is still coming in at, there or thereabouts, what it is on the open market. For the apartments in Dún Laoghaire, for example, one is looking at up to nearly half a million euro....

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

Brian Stanley: I have raised standardised designs with the Secretary General of the Department every time he has come in over the past four years.

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

Brian Stanley: I know.

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

Brian Stanley: The people in Citywest will not mind if their apartments look like the ones in Kingstown.

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

Brian Stanley: No, but generally.

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

Brian Stanley: I know the background. Of course, not. The point I am making is that this thing that you have to start with a completely blank sheet every time has been raised here repeatedly by me. Mass production is cheaper, if you want to try to change every plan. I have not figured out the reason, with every school project, you start from scratch. I have not worked out why that is. Most of them, at...

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

Brian Stanley: Have you taken on any projects where a development has got so far and for whatever reason, maybe difficulty financing the next stage, they have the concrete poured but maybe the roof is not on or the internal works or the first or second fixes are not done?

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

Brian Stanley: Have you got involved in any?

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

Brian Stanley: Where is that?

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

Brian Stanley: That is all right.

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

Brian Stanley: I have one more question. The witnesses have dealt with the issue of management companies and the CPO powers. In its design, the LDA has to operate according to what has been ordained by the Oireachtas and the Government. At the start, a lot of people thought the agency would just be a land development agency to ready land for development. Mr. Coleman said in the past few minutes that the...

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

Brian Stanley: Directly under the LDA? Is it not through Project Tosaigh?

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

Brian Stanley: I have a final question for Mr. Coleman. With regard to pounds, shillings and pence, at the moment there is a loss. Mr. Coleman explained why. When does Mr. Coleman hope that the LDA will have reasonably significant income? It has obviously done projections for the next five years. How does Mr. Coleman see it working out? I do not expect him to give me exact figures but I just wish to...

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: At what point does Mr. Coleman envisage there will be a substantial ability to reinvest? Does he see it kicking in within maybe six or seven years? Obviously, it will or should ramp up.

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

Brian Stanley: By 2028.

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

Brian Stanley: Costs have to be taken out of that, including management company costs and interest repayments. However, the remaining portion would allow for significant investment.

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

Brian Stanley: With regard to financing, the LDA had the €1.25 billion and was hoping to get €2.5 billion from last year’s budget. Maybe the LDA was not hoping for it but many others were. It did not happen. Do I recall that the Minister announced €2.5 billion on budget day? Maybe Ms Behan or Mr. O’Sullivan could help me with that. Was there an announcement on budget...