Oireachtas Joint and Select Committees

Thursday, 11 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Allied Irish Banks

Mr. Jim O'Keeffe:

Last year, we reported in our annual accounts that we had 583 vacant private dwelling houses and 45 vacant buy-to-let properties in our possession. The Deputy will be aware from previous discussions that we are obviously working with the Housing Agency to move the stock through constantly. Over a period, we provided approximately 1,500 properties to the Housing Agency. The vast majority of those properties are available through the agency, with which we are working. We have all been challenged sometimes in terms of the take-up rate of the properties. The current phase indicates a rate of take-up of what we have offered of approximately 86%. We have another 150 that we are working through with the agency. I accept that we have the property but I assure members that the work is ongoing to ensure we can continue to make it available to meet the housing challenge that the country is facing.

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