Dáil Éireann Debate, Thursday - 8 September 2022
617. Deputy Sean Sherlock asked the Minister for Housing, Local Government and Heritage if he will provide an update on introducing radical new modern Kenny Report-style powers to ensure sharing of the increase in land values from re-zoning decisions and greater community gain under Housing for All. [43330/22]
Amharc ar fhreagraHousing Policy Objective 12.1 of Housing for All 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 the 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 under examination. Upon finalisation of the economic appraisal and refinement of the proposals, it is proposed to commence detailed drafting and engage with the Joint Oireachtas Committee on Housing, with a view to presenting the Bill to the Oireachtas in Q4 2022.
