Dáil Éireann Debate, Wednesday - 27 May 2020
1036. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government further to Parliamentary Question Nos. 1215 and 1249 of 13 May 2020, if the cost reduced or more affordable ten homes in Ratoath, County Meath were purchased by Meath County Council; if so, the price paid per unit by the local authority; and the price they were they sold to homeowners for by unit. [7298/20]
View answer1040. Deputy Eoin Ó Broin asked the Minister for Housing, Planning and Local Government further to Parliamentary Question Nos. 1215 and 1249 of 13 May 2020, the average amount the 459 cost reduced and more affordable units in Adamstown SDZ, County Dublin sold for by unit. [7302/20]
View answerI propose to take Questions Nos. 1036 and 1040 together.
The sales prices of the individual homes delivered following the construction of LIHAF grant funded facilitating infrastructure are not systematically collated by my Department.
However, in the case of the 10 homes referred to in the Ratoath LIHAF project, I can confirm that the agreement between Meath County Council and the developer allows for a 10% discount on the open market selling price of comparable units in the development. The comparable units are priced between €288,464 and €332,500. The homes were made available on an application basis to first time buyers on income levels not exceeding €50,000 for a single person and €75,000 for a dual income household. The market price is the price that was agreed between the developer and Meath County Council, of which the LIHAF 10% reduction was applied, in order to reach the more affordable/cost reduced price. The Council has confirmed it is currently progressing the Section 183 disposal for six of the units, a process which was delayed due to the COVID-19 pandemic.
In respect of the more affordable/cost reduced homes being delivered in the Adamstown SDZ, South Dublin County Council has advised that a Development Agreement was signed by the Council and the developers in February 2018 and subsequently amended through a Deed of Variation in February 2019. This provides that 800 residential units will be made available for sale to persons meeting the local authority's criteria at the time of sale to qualify for affordable housing, of which 300 will be at €300,000 or less and 500 at €320,000 or less.
