The Land Development Agency (LDA) has announced the establishment of its framework panel of 15 of Ireland’s largest homebuilders to accelerate the delivery of affordable homes.
The framework provides a range of delivery partnership options, including forward funding mechanisms, which will ease financing issues by allowing phased payments to housebuilders for affordable homes.
Subject to funding, the LDA is targeting the delivery of 5,000 homes as part of the initiative, which is the second phase of the agency’s Project Tosaigh programme and has already resulted in agreements to deliver over 2,800 affordable homes.
The 15 homebuilders qualified for the panel through an open and transparent public procurement competition designed to deliver large-scale, high-density, sustainable, affordable housing projects. These are:
– Alanna Homes
– Ballymore
– Cairn Homes
– Chartered Land
– Elkstone
– Glenveagh Properties
– Greenacre Construction
– Greenseed
– Marlet Property Group
– McGarrell Reilly
– O’Callaghan
– O’Flynn Group
– Park Developments
– Quintain
– Royalton
The LDA will fund key housing projects during construction based on development milestones being reached. This will allow for a more collaborative partnership between the LDA and panel members, assisting in the accelerated delivery of cost-rental homes.
Most of the new homes will be state-owned cost rental apartments, with the LDA investing around €2bn, in addition to over 10,000 affordable and social homes already in progress. The panel’s establishment will expedite housing delivery and ensure value for money through competitive mini tenders. The framework panel will remain in place for four years, at which point the LDA will issue a tender to form a new panel.
John Coleman, Chief Executive, LDA, said: “The announcement of our panel of housebuilder partners marks a step-change in how the LDA delivers homes. It identifies strong project partners who will work with us to design and deliver affordable homes in the right places, at scale and at the right cost. The framework will give the LDA greater control over the housing projects it funds, as the agency will be more involved in design and financing from an earlier stage. It also provides more certainty for the housebuilders we partner with, incentivising them to achieve development milestones through staged payments.”