Its objectives are to:
- Coordinate appropriate State lands for regeneration and development, opening up key sites for houseing delivery
- Drive strategic land assembly, working with both public and private sector land owners
- Contribute towards the delivery of affordable housing and
- Become a leading influencer of housing and land management, through research and innovation.
A key part of the LDAs remit will be to develop large residential schemes through both direct traditional procurement and development partnership routes.
The LDA will be underpinned by grounding legislation, and is overseen by an independent board of directors. The Government has committed to providing the LDA with equity capital of up to 1.25 billion euro.