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 Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

I refer to Mr. Ó Coigligh's characterisation of it as "a small number of issues". We have just outlined in this session that it seems 100% of AHBs will fully own their assets at the end of the lien on the property. That is not a small number of issues. That is a State approach that will allow us to fund something that we will not have control over as an asset.

On the Chair's point, we have heard today that we are at 15% now, but Housing for All will make this 40% to 50%. It could amount to in excess of €1.5 billion being spent every year on an asset over which, in 30 years, we will not have any control. That is a massive issue for this committee. I reiterate that I have serious concerns about the interplay with this and local authorities because it seems there is not sufficient oversight there.

I asked the Department earlier for key performance indicators on how it assesses AHB funding schemes. I would appreciate if a list of those indicators could be provided. I presume they are required by the Department of Finance anyway, so they are probably on file somewhere. I agree with the Chair; this is deeply concerning.

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