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

Okay. Since no member wishes to comment, can we agree and note the accounts and statements? Agreed. As usual, the listing of accounts and financial statements will be published as part of our minutes.

We will move on to correspondence. As agreed previously, items that were not flagged for discussion at the meeting will continue to be dealt with in accordance with the proposed actions that have been circulated. Decisions taken by the committee in relation to correspondence are recorded in the minutes of the committee's meetings and published on the committee’s web page.

The first category under which members have flagged items for discussion is correspondence from Account Officers and-or Ministers of Government and follow-up to Committee of Public Accounts meetings.

No. 1205 B, correspondence from Ms Dara Deering, chief executive officer, Home Building Finance Ireland, HBFI, dated 21 April 2022, provides information requested by the committee arising from our meeting with HBFI on 3 March 2022. It is proposed to note and publish this correspondence, except for the table on pages 1 and 2, which is provided on a confidential basis. Is that agreed? Agreed. I ask Members to avoid discussion of the table in public session. I flagged the issue. The parts of it I wanted to discuss were discussed at this morning's session with the Department of Finance - the matter was also raised by other members - regarding the high percentage of the money going from HBFI to institutional investors and finishing up in apartments. A figure of 83% of the MOMENTUM fund is finishing up in apartments that are being let by those investors and private institutions at rents very few people could afford. That is all that needs to be said on it. Do any other members wish to come in on that?