Oireachtas Joint and Select Committees

Wednesday, 27 September 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Banking Issues: Discussion

Mr. Myles O'Grady:

More broadly in the country, the output of homes is likely to be similar to that of last year, and that is following a steady increase in outputs in recent years, notwithstanding Covid. We are very much supportive of that. Earlier I made the point that we are supporting the building of about 18,000 homes across 200 sites. On our balance sheet in Ireland, we have €5 billion in lending in total for property and construction. Within that, most recently we announced an increase in our funding committed to the building of new homes from €1 billion to €1.75 billion. This is very much focused on supporting those developments that are affordable homes, social homes and indeed sustainable homes. It is a priority for us, for sure.

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