Oireachtas Joint and Select Committees

Thursday, 19 January 2023

Public Accounts Committee

Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer

9:30 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats) | Oireachtas source

It is clear we need to get some information so we can see how that works out once the loan is discharged and all the other issues in relation to the allocations policy. That would be quite a critical issue to make sure you do not end up with someone who can pay a market rent. That was my experience with some of the smaller AHBs. They wanted to get allocations made to people who could pay at the top end of the differential rent in order to build up the assets. They may well have been people who were able to rent outside of the scheme. This would be small numbers but I have seen it happen. It would mean that AHB could build up substantial assets. There is a very unknown quantity about who controls that.

I only have 49 seconds left. I was going to ask about the pyrite scheme-----

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