Oireachtas Joint and Select Committees

Wednesday, 30 June 2021

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

General Banking Matters: AIB

Photo of Alice-Mary HigginsAlice-Mary Higgins (Independent) | Oireachtas source

I wish to discuss Home for Life. Concerns have been raised around this fact and the 25 year commercial leasing model. Effectively the State pays the mortgage and a dividend. The leasing model is poor value for the State. Can the bank representatives comment in recognition that there seems to be a policy shift in that? Will AIB be changing its investment model on social housing to move away from that? Can the bank officials clarify what is meant by the vacant properties made available to the Housing Agency?

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