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:

Absolutely. That was our market analysis at the time, evidenced by the level of applications we saw. Our motivation was to avoid a scenario where, in a crisis situation where there was reduced supply and increased demand, the supply would be further constrained because finance was not available. We were very clear in allocating the momentum fund that it would in no way constrain the amount of funding we would have available for small and medium-sized projects. It was not a case of or but of and; it was adding temporarily to the market.

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