Because the land is owned by a Dún Laoghaire-Rathdown County Council-owned company, and not the council itself, councillors won’t get their usual say in whether it is sold at this stage.
Government LIHAF subsidies to private developers, meant in part to produce affordable housing, might produce a 0.5 percent discount on a €470,000 home.
Councillors in Dún Laoghaire-Rathdown want more details on how affordable homes will be on a site in Cherrywood that’s been allocated part of a €200 million government fund.
The government has chosen the housing projects that will get LIHAF money, which requires developers to commit to some affordability. But it seems it doesn’t have final agreements on how much.
A project by developer Hines in Cherrywood, for example, got €15.19 million in funding, meant to encourage affordable housing, for which there is as yet no plan in place.
