Oireachtas Joint and Select Committees
Thursday, 10 October 2024
Joint Oireachtas Committee on Housing, Planning and Local Government
Housing (Miscellaneous Provisions) (No.2) Bill 2024: Discussion
1:30 pm
Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source
On LDA capitalisation, Mr. Colgan talked at the very end of his presentation about how there was €6.25 billion of capitalisation from the three tranches. That is very clear. He talked about the €1.25 billion in debt and then he talked about €1.25 billion and gave a longer explanation. My understanding is that the changes we made to the LDA Act on foot of the Cabinet decision last December to get the second €1.25 billion from ISIF not only doubled the capitalisation, along with the original, but doubled the borrowing capacity. Have I misunderstood that or is that what the second €1.25 billion of those three figures referred to?
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