Oireachtas Joint and Select Committees

Thursday, 30 January 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works

11:40 am

Ms Geraldine Tallon:

The idea originally was that vacant possession would have been delivered once the housing units were delivered. One of the particular attractions in the tender submitted by this particular developer was that 80% of the units were already available in developments around the Dublin area. The units were already by and large available. The remaining 20% were in train and that was an attractive feature of the bid. The intention originally was that vacant possession would transfer on the completion of the provision of the units. It was already a compromise with the developer that vacant possession was deferred until the end of 2008.