Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Public Accounts Committee

Business of Committee

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I am speaking on the basis of what I know. The Housing Finance Agency borrows funding commercially to gain value from the State being able to borrow at a good rate. It lends it on commercially to the approved housing bodies which pay back the loans over a period of time. I think some of the loans run forever. In many cases, the loans given out are interest-only. There are different schemes, which leads me to the next point. I want to receive a note from the Department early next week - well before the meeting - on what I call the different schemes. I am not referring to the housing assistance payment scheme but about the capital assistance plan and the long-term leasing schemes. We want to receive a note on each of these schemes. Otherwise, we will get lost as we use different names.

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