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

There are potentially 50,000 homes for which the State could provide up to 100% finance in some cases and when the loan finance is discharged, despite the fact that they are within the ownership of the AHBs, which I understand are charities, the local authority will have no allocation power and cannot allocate tenants on the basis of social need. There will be no control over rent. They can charge hello money if they wish and tenants need not necessarily be managed by the AHBs, which, in general, I find good. They could be managed by a private company brought in on its behalf and the interface and any dealings that the tenants have is with the private entity. That is the position. This is a pause and stand back moment for me, looking across these schemes. I have been looking at this for a while. Since I received the briefing document yesterday I have been studying this. Following the clarity this morning on this, it is a pause and stand back moment. This is most serious. Can anyone correct me if I am wrong? We have sleepwalked into this. With up to 50,000 housing units, when the loan is discharged, the situations I outlined can arise. The local authority has no control over allocation. Ms Feeney clarified that. There is no control over rents. People can be asked to claim rent supplement if the body wishes to charge hello money unless some other powers or laws can be found within the statutes of the State to stop this. Hello money can be charged and a private company can be brought in to manage them. Can anybody clarify that I am wrong?