Oireachtas Joint and Select Committees

Thursday, 14 December 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage - Programme A - Housing
Financial Statements 2022 - The Housing Agency
Report on the Accounts of the Public Services 2022
Chapter 11 - Utilisation of the Land Aggregation Scheme Sites

9:30 am

Photo of Marc Ó CathasaighMarc Ó Cathasaigh (Waterford, Green Party) | Oireachtas source

On the basis of a back-of-the-envelope calculation, I believe one fifth of the properties probably does not correspond with one fifth of the expenditure because the preponderance of those properties probably is in the likes of Dublin and Cork, where the average rent is probably higher. If we hone in on the large landlords, do we know how many individuals or institutions we are giving money to? If I divide the expenditure by five, I get €100 million, which is eye-watering. However, I suspect, on the basis of the rental profile of the properties, the expenditure related to them is more than €100 million.

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