Oireachtas Joint and Select Committees
Thursday, 3 March 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
9:30 am
Ms Dara Deering:
What we have is €730 million from ISIF and what we did was to allocate some of that to support the momentum fund. What happens with that €730 million, no matter what way it is divided, is that we draw that down from ISIF, we lend it out over a period and then it is paid back and recycled. We are already recycling some of that funding.
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