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

Photo of Eoin Ó BroinEoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

-----through the NTMA but with no additional borrowing. I appreciate that the figure of €6.25 billion has been quoted. However, we know John Coleman and the LDA are on the record repeatedly, including at the public accounts committee this morning, saying that, right now, the cost of borrowing commercially is too high. The authority is not, therefore, in the market for commercial borrowing until such time as the cost comes down. Sure, in theory, there is €6.25 billion but there is not really until those interest rates come down to a sufficient level. Regarding the €1.25 billion I was querying, do we have a simple name for that?

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