Oireachtas Joint and Select Committees

Tuesday, 22 March 2022

Joint Oireachtas Committee on Housing, Planning and Local Government

Social and Affordable Housing: Discussion

Mr. Barry O'Leary:

No. Ten years ago we lent almost exclusively to local authorities. They now have €3.3 billion of our nearly €6 billion but the other guys are increasing at a rate of knots. If the Deputy says it is three times I believe him because I do not carry this stuff around in my head. Most of the business we are doing now is approving loans to AHBs. We did about €1 billion of those last year. That will be more next year and more the following year so they will grow and outstrip local authorities if nothing changes.

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