Oireachtas Joint and Select Committees

Thursday, 10 October 2024

Public Accounts Committee

Financial Statements 2023: Land Development Agency

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I knew Mr. McGuane was going to tell me that. I am curious about it because, obviously, we know from other models of housing - and this has been discussed by this committee - that sometimes when things are being designed, 30 years out a problem can be found. One of them is going to be the unencumbered - it has arrived at our door - properties that came through the AHBs. When they are out of the financing period, we are in a different situation, which, at the time, seemingly was not thought through and nobody will have done anything about it in the interim. Worse still, we will have continued on our merry way over the 30-year period and not done anything to correct it. We are told that somebody is looking at them; whatever that means. Obviously, to get away from the short-termism, there will have to be people looking into the future to make sure there is enough in the kitty to ensure that there is enough for the substantial works required for what Mr. McGuane termed "key milestones" in 20, 30 or 40 years. Roofs will need to be re-covered. When it comes to the life cycle, the LDA is probably talking about 100 years.

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