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Results 581-600 of 1,155,962 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Tom Kitt OR speaker:Peadar Tóibín OR speaker:Jennifer Whitmore OR speaker:John Brady OR speaker:Simon Coveney OR speaker:Brian Stanley OR speaker:Catherine Murphy OR speaker:Norma Foley OR speaker:Ossian Smyth OR speaker:Imelda Munster OR speaker:Michael Ring OR speaker:James O'Connor OR speaker:David Stanton OR speaker:Réada Cronin OR speaker:Mary Lou McDonald OR speaker:Matt Carthy OR speaker:Ivana Bacik OR speaker:Aindrias Moynihan OR speaker:Donnchadh Ó Laoghaire OR speaker:Mairead Farrell OR speaker:Simon Harris OR speaker:Michael Creed OR speaker:Steven Matthews OR speaker:Danny Healy-Rae OR speaker:Louise O'Reilly OR speaker:David Cullinane OR speaker:Seán Fleming)

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

Mairead Farrell: Would the Land Development Agency be able to provide affordable rents without that subsidy?

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

Mairead Farrell: That is interesting. As a matter of interest, what exactly does that mean and how does something go from an investment property to property, plant and equipment?

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

Mairead Farrell: What is the site then? Is it a particular site?

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

Mairead Farrell: That changes it in that way.

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

Mairead Farrell: That is interesting, as I did not know that. Does Mr. Coleman have the other figures to hand?

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

Mairead Farrell: The full market value.

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

Mairead Farrell: Is that for the two-bedroom unit?

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

Mairead Farrell: That is the full market value where if I-----

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

Mairead Farrell: In order to own it outright, that would be the right price. If you wanted to own it outright, that would have to be because of the affordable nature of it. You would have be-----

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

Mairead Farrell: Yes, I know that.

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

Mairead Farrell: No, I think I understand the scheme. I just meant if I moved into the LDA's affordable two-bed in Shanganagh - though obviously, I would never leave Galway so I do not know why I would do that - and I wanted to own it outright, I would pay the €478,000. Is that right?

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

Mairead Farrell: How much is it for the three-bed?

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

Mairead Farrell: Will Mr. Coleman confirm that the open market value is more than the cost of delivery?

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

Mairead Farrell: I thank Mr. Coleman. That very much leads me back into the earlier conversation which I do not want to return to. The main thing I noticed on note 14 in the financial statements is that the Land Development Agency reclassified the site which was identified as an investment property to being property, plant and equipment. I thought that that was quite intriguing because I had never seen...

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

Mairead Farrell: What is the cost of delivery then for the two?

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

Mairead Farrell: Which one does this relate to now?

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

Mairead Farrell: Let us we are talking about the two- and three-beds, will Mr. Coleman relate it exactly to them because it would be easier?

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

Mairead Farrell: So the cost of delivery of the €478,000 two-bed houses is €426,000

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

Mairead Farrell: What is the distinction?

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