Oireachtas Joint and Select Committees

Tuesday, 2 October 2012

Joint Oireachtas Committee on Environment, Culture and the Gaeltacht

Discussion with Housing Finance Agency

3:15 pm

Mr. Barry O'Leary:

They would pay a straightforward annuity over 20 or 25 years, whatever they choose to pay. The interest rate we charge on those loans is 2.3%. At a rough guess we would say that perhaps 3% of the €153 million would be their cashflow per annum. It would be €4.5 million or thereabouts.

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