29/07/26
The Land Development Agency (LDA) is on track for the delivery of at least 13,000 new homes between now and 2030, according to a new 2026 mid-year progress update. This will be in addition to the 3,215 homes the LDA has already completed since 2022.
The update shows the LDA’s current project pipeline now has the capacity to deliver more than 28,000 new homes. Over 6,500 of these are under construction on over 20 sites, with more construction starts imminent.
From a financial perspective, total assets on the LDA Balance Sheet are just over €2.9bn as at the end of June 2026, which mainly comprises land, homes built or homes under construction. This makes the Agency one of the largest Irish real estate entities by asset value, a little over 4 years from the commencement of the LDA’s enabling legislation. Built homes (including the NARPS portfolio transferred from NAMA) have generated close to €25m in rental income in the first six months of the year, which will be used to fund borrowings for the delivery of more homes.
From 2026-2028, the LDA is planning to deliver over 8,000 new homes including more than 1,800 this year, nearly 3,000 next year and in excess of 3,500 in 2028. This is based on current project programmes. The projected 2028 delivery will likely make the Agency one of the largest producers of homes in the State, when measured by completions.
This means the Agency’s total delivery output should reach approximately 16,500 by 2030, with c.35,000 people living in an LDA home by that time. There is the potential for this to increase further as more projects are confirmed and added to planned completions in 2029 and 2030.
The Agency has made considerable progress in developing the growing Cost Rental tenure, with 2,367 Cost Rental homes now delivered, enabling tenants to avail of rents that are at least 25% below market rate. According to the findings of a new survey* of LDA Cost Rental tenants, satisfaction rates are high, with the vast majority of respondents (94%) saying that they would be “very likely” (69%) or “likely” (25%) to recommend a cost rental home in their development to a friend. Rent collections, which are essential for the sustainability of cost rental, are also strong. The security and stability that this provides means communities are growing, as people lay down roots.
The progress update also shows the LDA currently has nearly 6,500 homes under construction.
While the LDA relied on its Project Tosaigh initiative (which involves funding housebuilders to deliver affordable homes) to drive initial housing output in 2022 and 2023, direct delivery projects will make up an increasing proportion of overall delivery from 2026 onwards as projects come to fruition.
