Oireachtas Joint and Select Committees
Tuesday, 2 March 2021
Joint Oireachtas Committee on Housing, Planning and Local Government
General Scheme of the Affordable Housing Bill 2020: Discussion (Resumed)
Thomas Gould (Cork North Central, Sinn Fein) | Oireachtas source
I have a question for Mr. Curran. Cork City Council has €36 million in loans in respect of land it purchased. There is no way it will recoup that money if it is providing social, affordable and cost rental properties. They will have to be subsidised or something else will have to be done. Cork City Council has another €36 million in unsold homes. That one local authority has a debt of €72 million in total. We know there are many other local authorities in the same position. If local authorities are to deliver housing, surely these loans need to be dealt with.
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