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:

We can certainly do that and send on the data. The Senator mentioned higher education institution loans, and as I said, we have three done. We have an expectation as one higher education institution has come to us about a second phase that will have 1,000 homes. The legislation is changing to allow new universities, for want of a better description, to come along and there are indications that they have interest in borrowing. That will take a while and we have nothing on hand from those at this point.

The Senator spoke about our relationship with the Land Development Agency. We have a reference in our strategy that there would be a small amount provided at the end of our five years to lend to the Land Development Agency. We are in conversation with Mr. John Coleman, the chief executive of the Land Development Agency, on a regular basis. He has a fair bit of funding provided to him that he will use first before he borrows from us. There are issues about debt being on and off the balance sheet an everything else. I would say it is not that he does not want to borrow from us but he will borrow from us last because he has access to other money first. The agency is in our strategy and if it ever needed to come to us for additional funds, it could easily be provided to them.

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