2. Deputy Conor Sheehan asked the Minister for Housing, Local Government and Heritage the way in which he intends to ensure the LDA meets its targets with a sustainable source of funding in view of the recent report by the Department of Finance into sustainable funding options for the LDA; and if he will make a statement on the matter. [53944/25]

Sentiment score: 0.13

How does the Minister intend to ensure the LDA meets its housing targets with a sustainable source of funding, especially in light of a recent report from the Department of Finance into sustainable future funding options for the LDA?

Sentiment score: 0.38

We know the LDA has delivered 2,054 homes between 2018 and 2024. The biggest issue is that, of that figure, only 281 homes were delivered through direct delivery, with the majority delivered through Project Tosaigh. How does the Minister intend to ensure the LDA is adequately capitalised? What is his view of the current financing model of the LDA? I believe the LDA cost rental model is broken. Rents are way beyond the reach of those for whom cost rental was intended and the financing model is completely different from how cost rental operates in other countries. It is very clear the LDA will not meet its targets unless it continues to buy turnkey assets. Will the Minister clarify his view on the current financing model and whether he believes the LDA needs to refocus its mandate?

Sentiment score: 0.06

Further to that, given that the LDA lacks active land-management powers and has no strong CPO powers, is this something the Minister plans to address? The LDA has to negotiate bilaterally with all these State bodies. There was also something very concerning in the report about the possibility of the LDA selling off its assets. I want to know the Minister’s view on that. Given that direct delivery is expected to deliver 6,000 homes and amount to 43% of the LDA’s delivery channel, how does the Minister intend to scale that up in the next three to four years, given that at the moment it is so heavily reliant on turnkey?

Sentiment score: 0.21