Oireachtas Joint and Select Committees
Thursday, 6 December 2018
Joint Oireachtas Committee on Housing, Planning and Local Government
Financing of Social Housing: Discussion (Resumed)
9:30 am
Mr. Brendan McGrath:
I would presume that it is the cost of the land loads. We are carrying €32 million of legacy loans that we bought at the height of the market in accordance with Department policy. We are carrying that in the city. We are trying to use that land for various purposes, but the cost of those land loans is impacting on what we are trying to do.
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