The Poolbeg Strategic Growth Zone (SDZ), which comprises the previous Irish Glass Bottle manufacturing unit website, has been earmarked for 3,500 housing models, of which one quarter should be social and reasonably priced properties.
The Ronan Group Actual Property (RGRE) and its American backers Oaktree and Lioncor paid €200m for 80pc of the location in 2020, with Nama retaining 20pc.
The primary section of the event sought to construct 570 models, nonetheless, simply 25 had been earmarked for social and reasonably priced housing. The obligatory 10pc Half V contribution, or 57 social models, had been additionally listed within the proposal.
A movement to reject the section one plan was tabled at this night’s month-to-month assembly of the council by Sinn Féin South East Inside Metropolis Councillor, Daniel Céitinn.
The movement learn: “That Dublin Metropolis Council shall reject the proposed settlement for the event of the Poolbeg West Strategic Growth Zone which fails to safe 15pc of the section 1 growth models for reasonably priced housing, and additional calls on the Chief Government Officer of Dublin Metropolis Council to request that the Authorities and the Nationwide Asset Administration Company (NAMA) switch the related curiosity held by NAMA to Dublin Metropolis Council.”
Earlier than the movement was efficiently carried, assistant chief govt Richard Shakespeare sought to guarantee councillors that the supply of the social and reasonably priced models could be delivered over the lifetime of the scheme.
“There are two fundamental choices. Do a deal that facilitates the supply of 570 models in section one, which would come with the 57 Half V social [units] and the a lot expressed 25 of social and reasonably priced, which might be step one within the supply of three,500 properties, or we might do nothing agree nothing and nothing occurs,” he mentioned.
“I’m assured by the tip of the scheme that we’ll attain it. Hear, no person is completely satisfied right here…And never desirous to wind folks up, however the deal is what it’s at this current time,” he added later within the debate.
Following the assembly, Cllr Céitinn welcomed the “cross-party help” for his movement saying the proposal risked “much-needed reasonably priced housing to hire and purchase”.
He mentioned the deal failed to supply for 15pc of the models to be for added public housing, above the obligatory 10pc Half V contribution, regardless of it being a “situation within the legally binding grasp plan for the location”.
“Dublin Metropolis Councillors see that this can be a unhealthy deal. It falls far in need of the expectations of the elected members of the local people, and much in need of the agreed grasp plan, which stipulated that 15pc of the models could be for reasonably priced housing for hire and buy,” he mentioned.
“For seven years, the Irish Glass Bottle Housing Motion Group and the local people campaigned to make sure that at the least 15pc of those properties could be reasonably priced for working folks. This was supported by all Dublin Metropolis Councillors, and it was included within the legally binding SDZ grasp plan which was accepted by An Bord Pleanála in 2019.
“That help has been reiterated this night with the town council members calling on the manager administration to reject this proposal. If we accepted this deal, there is no such thing as a assure that the five hundred reasonably priced properties on the location will truly be delivered.
“If the Minister for Housing is critical about delivering reasonably priced housing for atypical working households in Dublin, he must take the issues of this council significantly. The council and Authorities should safe 15pc of the models for reasonably priced housing. To help this, the Authorities ought to switch Nama’s 20pc curiosity within the growth to the town council to allow the council to ship genuinely reasonably priced properties for working folks,” he added.
