2. and 8. Land Aggregation Scheme in April 2010, the Department of The

2. and 8. Land Aggregation Scheme In April 2010, the Department of the Environment, Community and Local Government (DECLG) advised housing authorities of revised arrangements for the funding of land used for social housing and sought information from them on local authority residential land holdings for the purpose of ensuring the optimal use of the lands in question by way of a ‘land audit’. Authorities were also asked to identify those lands they considered suitable for the Land Aggregation Scheme. The land audit indicated that there were some 262 sites (775 hectares) which were the subject of HFA loans. The initial assessment showed that approximately 180 sites with loans of an estimated value of €220 million were due to mature by 2011. A total of 115 sites have now been submitted to the Department with a loan value totalling approx. €260 million. This includes the 47 sites (175.7 ha) which have been approved to date by DECLG for inclusion in the Land Aggregation Scheme with loans totalling some €110 million. Overview of the Scheme In order to alleviate the financial burden on local authorities in servicing land loans, the scheme was developed for land owned by a local authority in respect of which outstanding loans with the Housing Finance Agency (HFA) have fallen due for payment. The Land Aggregation Scheme provides that a local authority may transfer lands, acquired for housing purposes on which outstanding HFA loans are redeemed, to Housing and Sustainable Communities Ltd. (HSC Ltd). This transfer of land is subject to approval from DECLG on the basis that the local authority has no short to medium term plans for the development of the land. The local authority redeems the loan from the HFA in advance of transferring the land. Funding to redeem the loan is made available by DECLG, subject to the availability of that funding. There is no onus on a local authority to take part in the scheme but it can be of benefit to those local authorities who are servicing land loans where the land in question will not be developed in the short to medium term. HSC Ltd. is responsible for the management and maintenance of lands transferred under the scheme. There is full consultation with local authorities in regard to any future proposals for use of the lands. The lands may be utilised for social housing or other appropriate public uses with the approval of DECLG. Following transfer of the land, HSC Ltd. is required to prepare a report and implement a strategy for the management, utilisation and ultimate development of the land in question. HSC Ltd. seeks input from the relevant local authority and other interested bodies in respect of the land in question when preparing the report. Appendices The two appendices attached provide the following details: 1. List of 115 sites with name of local authority, site location and details of the previous owner. 2. List of 47 approved sites with value of loan redeemed (including capital and interest), size of site, year of purchase, original purchase price and price per hectare. (This information is being compiled for the remaining 68 sites of the 115 and will be provided as soon as possible). In relation to the approved sites, in most cases the loan amount redeemed by the Department is different from the original purchase price for the site. In cases where the loan amount redeemed is higher, this is usually due to interest charged and accumulated on the original loan amount (purchase price). In cases where the loan amount redeemed is lower than the original purchase price, this can occur for a number of reasons including: - the local authority may have already paid off some of the loan with their own resources or by developing another part of the site for social housing; or - only a portion of the site to which the loan pertains is transferring under the land aggregation scheme. Overview of Land Audit, Applications Received and Approved Number of Sites Total Hectares Loan value (Capital & Interest) Land Audit 2010 262* 775* €499.5m** Applications 47 176 €110m Approved Applications 68 199 €150m approx. awaiting approval Other sites with 147 400 €239.5m approx. HFA loans Total 262 775 €499.5m *These figures are basis on information received as part of the Local Authority Land audit in 2010. **The value of local authority loans on land acquired for social and affordable housing purposes as confirmed by Housing Finance Agency at 31 December 2011. 2 Appendix 1: List of 115 sites submitted to DECLG under scheme with name of local authority, site location and details of the previous owner. Local Previous Owner or Previous Registration in Land Location Authority Registry Hillview, Ballynerrin, Ann Mary Therese Carr and Martin Carr both of 1 Wicklow TC Wicklow Town Fitzwilliam Square, Wicklow The County Council of the County of Westmeath National Cartontroy- (Lissywollen) 2, 3 Building Kilnafaddoge & Molly Conway of Cartontroy, Athlone Co Westmeath Agency Lissywollen, Athlone (Cartontroy & Kilnafaddoge) Jerome Baily and Marie Baily of Bayview, Ballyard, 4 Tralee TC Ballyard, Tralee Tralee, County Kerry 5 Sligo CC Ballintogher Kieran Walsh of St Davids, Carraroe, Co Sligo Philip Duffy of Ballymote Road, Tubbercurry, Co 6 Sligo CC Tubbercurry Sligo Seamus Murphy of Hampton Place, Balbriggan, County Dublin (1/3), Joseph Wade of Castlelands, 7 Fingal CC Hampton, Balbriggan Balbriggan, County Dublin (1/3), Francis R.A Larkin of 4, Court Apartments, Wilton Place, Dublin (1/3) Thomas F. Brennan (Company Director) of Hilltown Stud, Clonsilla, Co Dublin (1/5), Michael J. Brennan (Company Director) of Portan House, Clonee, County Dublin (1/5), William J. Brennan (Company Enniskerry Road, 8 DLR CC Director) of Drumee, County Meath (1/5), James Sandyford Lyons (Company Director) of 52 Park Avenue, Sandymount, Dublin 4 (1/5), Joseph B. Mc Gowan (Company Director) of The Stables, Waterloo Road, Dublin 4 (1/5) 9 Naas TC Naas Devoy Barracks Minister for Defence and Minister for Finance Limerick AIB Finance Limited, High Court Order dated 1st 10 Glin CC December 1997 3 Local Previous Owner or Previous Registration in Land Location Authority Registry Limerick 11 Ballyhahill John Cregan, Ballyhahill, Co Limerick CC Waterford David Power of 36, St. Fintan's Villas, Deansgrange, 12 Gibbet Hill City Blackrock, Co Dublin 13 Carlow CC Tinryland Edmund Hayden of Ballincarrig, Carlow Slate Row, 14 Carlow CC Denis Cullen of Pennyhill, Hacketstown, Co Carlow Hacketstown 15 Laois CC Castletown Sean Byrne of Knockanina, Mountrath, Co Laois Portlaoise Road, Evelyn Phyllis Telford of Bellville, Mountrath, Co 16 Laois CC Mountrath Laois Golflinks Road William McEvoy (In Trust) of c/o Rapla, Cullohill, 17 Laois CC Rathdowney Laois Thornsett Limited having registered office at Woodbrook, 18 Laois CC Alexander House Sweepstakes, Ballsbridge, Dublin Mountrath 4 Adj. to Cemetery Joseph Mansfield of Chapel Street, Ballinakill, Co 19 Laois CC Ballinakill Laois 20 Offaly CC Shinrone Woodmar Construction Limited 4 Local Previous Owner or Previous Registration in Land Location Authority Registry Nariton Holdings Limited of Cloccamorra, Clonee, 21 Kildare CC Naas Craddockstown County Meath Thomas Clinton of Balreask, Carlanstown, Kells, Co 22 Meath CC Kells Meath National Liam Tedford of Kennington Close, Templeogue, 23 Building Tullow Road, Carlow Dublin 6W Agency Marie Healy of Carncash, Co Sligo (Part) 24 Sligo CC Lisnalurg Michael McGillen of Shannon Oughter, Sligo (Part) Patrick Gill of Butterstream Commons, Clane, Co 25 Kildare CC Clane Kildare Waterford Michael O'Keefe & Nuala O'Keefe of Roseville, 26 Townpark East, Tallow CC Tallow, Co Waterford St Joseph's Road, Donal McAuliffe of Millstreet Road, Macroom, Co 27 Mallow TC Mallow Cork Land at Oakwood, O'Brien & O'Flynn Limited of Doughcloyne House, 28 Cork CC Macroom Togher Cross, Cork Loughlion Developments Limited of Bride Street, 29 Kildare CC Kildare Brallistown Kildare, Co Kildare 30 Kildare CC Nurney Noel Hanlon and Mary Theresa Hanlon 5 Local Previous Owner or Previous Registration in Land Location Authority Registry The Slip, Bantry, Co 31 Cork CC Jerry Daly of Slip, Bantry, Co Cork Cork Limerick 32 Knocklong Sean Burke of "Gallimh", Knocklong, Co Limerick CC Limerick John Lyons (Lyns) & Pat Murray C/O Thornton 33 Bruff CC Solicitors, 52 O'Connell Street, Limerick 34 Cork CC Colleras, Goleen Joseph Notter of Colleros, Eighter, Goleen, Co Cork Limerick Eamon Sheehan of Knockane, Brosna, Tralee, Co 35 Mountcollins CC Kerry Brendan Sheehan, Michael Sheil, Gerard Cush, Wexford Ballyowen, Ramsfort 36 Patrick Cullen and Sean Stafford (Part) CC Park Gorey Sharonvale Properties Limited (Part) Wexford Creagh B Demesne, John Doyle & Eamon Doyle both of Brackernagh, 37 CC Gorey Ballycanew, Gorey, Co Wexford Very Reverend Richard J. Breen of Bishop's Well, Summerhill, Enniscorthy, County Wexford and Wexford 38 Parish Field, Bunclody Reverend Anthony O'Connell of St. Aidan's CC Enniscorthy and Very Reverend James Byrne of Newbawn, Co Wexford Wexford Cosmo Flood of 43, The Rise, Mount Merrion, Co 39 Hospital Hill, Bunclody CC Dublin 6 Local Previous Owner or Previous Registration in Land Location Authority Registry John O'Loughlin of Knockeevan, Clerihan, Clonmel, 40 Clare CC Lisdoonvarna Co Tipperary (Legal Personal representative of Denis O'Loughlin, deceased) Seamus Geaney of Terrysland, Carrightwohill, Co 41 Cork CC Land at Carrigtwohill Cork Land Acquisition at 42 Cork CC Augustine Brosnan of Meelin, Co Cork Meelin Patrick Linehan of Park, Knocknagree, Mallow, Co 43 Cork CC Land at

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