Michael Rice, Glenveagh chief financial officer , with chief executive Stephen Garvey. Mr Rice is to leave his role as CFO in coming months, with Conor Murtagh taking up the position. Photograph: Dara Mac Dónaill/The Irish TimesMr Garvey was speaking to reporters on Thursday after Glenveagh reported interim results, pointing to growing momentum within the business.
While he said he has not “gone into depth”, he said Sinn Féin has identified problems that are “under examination by the Government” also. “So I think what’s good about it is there’s consensus that things really need to change.” He said delivering homes on State lands is “a credible plan”, but ultimately, land-acquisition costs represent only a fraction of the costs of delivering homes. Even the Land Development Agency, which was set up to activate projects on State-owned lands and has no site acquisition costs, is grappling with development costs, Mr Garvey said.
“Our plan is all about delivering tens of thousands of affordable homes, and in doing so bringing home-ownership back into reach for working people.” A third partnership contract has been completed for a site adjacent to Balmoston, and site development works have begun.