Dáil Éireann Debate, Tuesday - 14 February 2023
266. Deputy Sean Sherlock asked the Minister for Housing, Local Government and Heritage if he will provide an update under Housing for All to introduce radical new modern Kenny report-style powers to ensure sharing of the increase in land values from rezoning decisions and greater community gain. [7128/23]
View answerHousing Policy Objective 12.1 of Housing for All (September 2021) outlined an action to bring forward new ways for the State to share in a fairer way from the land value gains secured through zoning/designation and planning permission decisions, referring to measures previously recommended by the Kenny Report and more recently by NESC. In December 2021 the General Scheme with Heads of Bill relating to Land Value Sharing and Urban Development Zones was approved by Government for publication and progression.
Since then, independent economic consultants were procured and appointed to assist with defining the most appropriate method to implement Land Value Sharing. An open call was further made on my Department's website seeking public views on the development of any such approach. A data-gathering exercise was also undertaken to with a view to informing trends of uplift over time on land values. Engagement with key stakeholders including the local government sector and valuation experts has also been undertaken.
Following these stakeholder and data-gathering phases, the detail of how Land Value Sharing should operate is currently being finalised. On foot of a Government Decision in December 2022 to approve the updated General Scheme which will be published shortly, detailed drafting of the bill is underway. It is envisaged that engagement with the Joint Oireachtas Committee on Housing, Local Government and Heritage, with a view to presenting the Bill to the Oireachtas, will commence in due course.
