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

Mr. Bob Jordan:

As of December 2022, approximately 3,200 applications had been received and 2,800 approved for inclusion. As the Deputy said, 2,500 have been remediated. We aim to do 2,060 next year. Certainly, it is the intention of the agency working with the Pyrite Resolution Board that we get as many applications in as possible. As I said earlier, we believe this scheme is in the mature phase. We do not want to prolong this. We want to ensure that people get their applications in and this is essentially worked through in the next couple of years. We are doing a review in that regard at the moment. One of the issues has been that previously many of the properties were in estates and there are economies of scale and efficiencies in doing the work whereas we have had more single properties over the past couple of years. We are looking at our processes to ensure that does not delay the remediations going forward.

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