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

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

According to the Government at the time, the purpose was to fund small- and medium-sized developers to build outside major urban areas. I have a copy of what was said at the time. There is a table from the HBFI from 31 December 2020. Looking at developments of more than ten units, €185 million was made available. There was €8.3 million for developments of fewer than ten units, or just 41 homes. Those two figures show that the intended aim of the HBFI just did not work out. Only 41 homes were provided by way of small builders building fewer than ten units. According to the Government at the time, the goal was to fund small and medium-sized developers and builders to build outside the main urban areas. I do not mean to be disparaging. That indicates to me that there was complete failure in matching the actual figures to the intention.

That would indicate to me, and I do not mean to be disparaging, a complete failure in matching up the intention with the actual figures in that only 41 homes were provided by builders who were building ten or fewer units.

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