Oireachtas Joint and Select Committees

Wednesday, 1 March 2017

Select Committee on Housing, Planning, Community and Local Government

Estimates for Public Services 2017
Vote 34 - Housing, Planning, Community and Local Government (Revised)

9:30 am

Photo of Simon CoveneySimon Coveney (Cork South Central, Fine Gael) | Oireachtas source

That can be looked at. Our focus to date has been on trying to get social housing built, trying to get capacity in place to build, trying to get a lot of sites that have been basically stagnant for a decade up and running again and trying to build capacity within affordable housing bodies and local authorities to build social housing. Many local authorities were very badly caught out with affordable housing estates and projects. My own local authority, Cork County Council, was badly caught out when affordable housing suddenly became more expensive than private housing which had dramatically reduced in value over a very short period of time. Some of the financing arrangements that local authorities had in place for affordable housing projects exposed them to a lot of debt.

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