Oireachtas Joint and Select Committees
Thursday, 21 February 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
9:00 am
Dr. Donal McManus:
When we did this project a number of years ago, one of the issues was that if we had the units ready, we could put the money into the scheme. If we are waiting for a new build, that takes a while, but initially our project was to have the finance and also the vacant units and properties to deploy the money into those properties. That is still is there. If the money and properties are there, we can do that more quickly than going through the construction process. That is where we started off the project from, that is, with vacant properties, institutions that wanted to transfer their properties, and having finance at the other side. It is not always neat how that happens but certainly that is the objective.
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