Oireachtas Joint and Select Committees
Wednesday, 26 September 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Rebuilding Ireland - Action Plan for Housing and Homelessness: Discussion
5:00 pm
Mr. Brendan Kenny:
The Department does not normally pay for affordable housing. That means that the local authority must borrow to fund the development, which can raise issues for the local authority. Borrowing is necessary for cost rental builds, which means that the money must be recouped. For example, we are borrowing from AIB to fund the cost rental units being constructed on St. Michael's estate.
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