General Scheme Land Value Sharing and Urban Development Zones Bill 2021

The Government has approved publication of the general scheme (draft heads) of the Land Value Sharing and Urban Development Zones Bill 2021. The general scheme provides for: a) local authorities to secure a proportion of the increase in land values arising from public decisions and investment related to planning and development on land that is newly zoned for housing, or subject to an Urban Development Zone designation, and b) designation of Urban Development Zones which have potential for significant development for housing and other purposes. These proposed measures have been developed further to the objectives set out in Housing for All, the Government’s national plan on housing to 2030, and for the State to secure a greater share of community gain from the planning and development process.