Why is the Government charging a family to purchase a three-bedroom unit at Shanganagh Castle €550,000 to own the home outright, when the cost to the State, that is, the cost to the Land Development Agency, is €440,000? There are three cost-rental schemes, at Shanganagh Castle, O'Devaney Gardens and Oscar Traynor Road.

I have approved funding for the acquisition of cost-rental homes in O'Devaney Gardens and Oscar Traynor Road, a scheme the Deputy railed against, under the cost-rental equity loan scheme, which provides funding to AHBs of up to 55% of capital costs through a combination of long-term, low-interest loans and State equity investment. The delivery of cost-rental homes on each of these sites will contribute to sustainable mixed-tenure communities, alongside high-quality affordable homes and very good affordable purchase homes also supported by the Government and my Department.

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