Results 141-160 of 1,115,306 for in 'Dáil debates' OR (speaker:Tom Kitt OR speaker:Holly Cairns OR speaker:Mary Lou McDonald OR speaker:Michael McNamara OR speaker:Peter Fitzpatrick OR speaker:Ciarán Cannon OR speaker:John Brady OR speaker:Niall Collins OR speaker:Eoin Ó Broin OR speaker:Frank Feighan OR speaker:Mairead Farrell OR speaker:Michael Moynihan OR speaker:Hildegarde Naughton OR speaker:Joe McHugh OR speaker:Alan Dillon OR speaker:Catherine Connolly OR speaker:James Browne OR speaker:Brendan Howlin OR speaker:Ivana Bacik OR speaker:Emer Higgins OR speaker:Joe O'Brien OR speaker:Marian Harkin OR speaker:Brendan Griffin OR speaker:Aengus Ó Snodaigh OR speaker:Danny Healy-Rae OR speaker:Fergus O'Dowd OR speaker:Aengus Ó Snodaigh04 OR speaker:Aengus Ó Snodaigh27 OR speaker:Éamon Ó Cuív OR speaker:Alan Farrell) in 'Committee meetings'

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: For clarity, there is no power that AHBRA currently exercises over a registered AHB that it will not be able to exercise over the same AHB after this change in the registration process.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: With respect to Part 3, I have well-rehearsed the concerns I have so I will not go back over them. The witnesses know what they are. Is the Department in a position to share with the committee on the record any information about where income eligibility thresholds for single person household sharing will be? I know the Minister does not have the actual amount. What can the witnesses tell...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Without pressing on a number - I know Ms Cooney cannot provide one - I presume there will not be a huge change between the current income limit for a household for a two-bedroom property versus two separate households. There will not be a huge gap between them.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: My next question is about allocation schemes. I know Brian O'Gorman was only speaking for Clúid but nobody in the session earlier said they had asked for this change. I am not opposed to it in principle but so far only one hypothetical case has been discussed. We all know it is not a hypothetical case and that it is based on a real potential live project which Senator Cummins...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Targets were an issue that came up in the previous session. I took from our session this morning that the AHB sector was not looking to do the targeting. I am not against targeting in principle, it is just to understand. In those consultations with various providers and potential providers, has that targeting been raised by the LDA or potential private sector deliverers of cost rental?...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Am I correct in saying there is no allocation scheme for the affordable purchase units and that there is a lottery of whoever applies? This could be a mixture of something similar to affordable purchase but also with some categorisation of key workers or workers in proximity to places of work.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: I have no issue with the change in the part of section 16 that deals with tenants in situ. Ms Cooney explained clearly that she believes it is legally necessary. I am not challenging that. The Department heard from the largest AHB in the country this morning that it will not change the current challenge in getting AHBs to purchase those units stuck with the Housing Agency because the...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: At the risk of sounding like a journalist asking Simon Harris when he will call the election, is there any notional timeline for when that work might be concluded or there might be some move? I ask because the situation has been stuck for quite some time.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: On LDA capitalisation, Mr. Colgan talked at the very end of his presentation about how there was €6.25 billion of capitalisation from the three tranches. That is very clear. He talked about the €1.25 billion in debt and then he talked about €1.25 billion and gave a longer explanation. My understanding is that the changes we made to the LDA Act on foot of the Cabinet...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Of commercial borrowing.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: This is the bit I did not understand. Explain that to me in plain English.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Let me try to put that in plainer English. I appreciate Mr. O'Sullivan reading out the legislation. It is really helpful. In addition to the first tranche of capitalisation of €1.25 billion, the LDA had the capacity to borrow another €1.25 billion on the commercial markets. What Mr. O'Sullivan is saying is that the amendment to the Limerick mayoral Act earlier this year...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: I thank Mr. O'Sullivan for the reminder. That still has not been transferred from NAMA.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: This is one of the things that I never understood, although I have my suspicions. Obviously NARPS is a special purpose vehicle, SPV, and has the units in it. The debt on those is essentially being repaid by the leasing arrangement between local authorities and approved housing bodies. When NARPS and its units are moved into the LDA, which is a weird thing to do because they are social...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Could the following scenario be the kind of thing we are talking about? The LDA has these units, there is a guaranteed rental stream coming in from the payments but the debt remains. Who holds the debt? On the point of transfer of NARPS to the LDA, where is the debt that is currently being paid off by the leasing payments from the Department of housing and the local authorities?

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Is it that the agency has a rental income stream coming in for those units and it could acquire private sector capital against the value of that to develop?

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Exactly. That is from the AIB shares sale-----

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: -----through the NTMA but with no additional borrowing. I appreciate that the figure of €6.25 billion has been quoted. However, we know John Coleman and the LDA are on the record repeatedly, including at the public accounts committee this morning, saying that, right now, the cost of borrowing commercially is too high. The authority is not, therefore, in the market for commercial...

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: Let us call it "other sources", because it is not borrowing.

Joint Oireachtas Committee on Housing, Planning and Local Government: Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion (10 Oct 2024)

Eoin Ó Broin: On that €1.25 billion of other sources, is there any visibility on the period over which that €1.25 billion is attracted? How much of that has been attracted in so far? Again, the agency says it has that €1.25 billion, but if it is not there now, somebody might say that is misleading. I am not at all suggesting the committee has been misled, but it is not money to hand...