Oireachtas Joint and Select Committees

Thursday, 21 September 2023

Public Accounts Committee

Business of Committee

9:30 am

Photo of Verona MurphyVerona Murphy (Wexford, Independent) | Oireachtas source

Is it also possible to ask how the initial development is financed? For example, are county councils buying properties and doing the enhanced leasing scheme from AHBs that have been financed through the Housing Finance Agency, HSA, and at what cost? There is an issue at the moment in that private developers are looking at costs of 7% or 8% to borrow money that is actually at 0% interest. How have these developments been financed? That may not be a task for the Department. However, the HSA comes under the Department, or does it? It has a significant budget of €5 billion. Is it under the Department of Housing, Local Government and Heritage?

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