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

I would have been involved in that scheme at the initial stages because Fingal, Meath, and to a much lesser extent, Kildare, would have had involvement in that.

It is ongoing. People have a perception that once these schemes are put in place it will be immediate. However, it rolls out over a long period. Approximately 10,000 dwellings were initially assessed as possible. The estimate is now down to 6,000 and 2,500 have been remediated. It is remediation as opposed to a compensation scheme. How many more are in the pipeline? The qualifying criteria tightened after the initial scheme was put in place in that the house had to be in a worse condition before remediation kicked in. The State elongated it. It is now €22,000 more expensive than the estimate of €45,000. The outworkings figure is now €67,000. Then there is building inflation. Will prolonging this cost more? How many are in the pipeline?

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