Oireachtas Joint and Select Committees

Thursday, 25 October 2018

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency

9:00 am

Mr. John McCarthy:

I believe that paragraph relates to the capital loan and subsidy scheme which has now been terminated for new applications. It is being replaced by a new scheme. Apart from the management and maintenance fee, the moneys were used to pay off borrowings undertaken during the scheme's 20 years of operation. Between Exchequer and local property tax funding, just under €67 million was spent in servicing the loans in 2017.

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