Oireachtas Joint and Select Committees

Wednesday, 16 October 2024

Select Committee on Housing, Planning and Local Government

Estimates for Public Services 2024
Vote 34 - Housing, Local Government and Heritage (Supplementary)

5:30 pm

Photo of Darragh O'BrienDarragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

There have, unquestionably, been additional costs, but we endeavour to manage them as best as we can. I am sure Deputy Ó Broin knows from talking to our delivery partners that the costs are managed within it.

For clarity's sake, I do not know if Deputy Ó Broin has the information, but in June when there was a temporary reallocation, it was €40 million to subhead A3, which is the Housing Agency, for cost-rental tenant in situ; €110 million to CREL; and €50 million to STAR. That €200 million is going back in. From the projections I have, there has been very strong delivery of new builds in quarter 4. I expect us to hit our new-build targets. We have sufficient funds to do that and to pay for them. That is where the Supplementary Estimate has come in as well. There will also be an overhang into next year on the tenant in situ purchases. There always is, due to the conclusion of conveyancing and other such issues. It is difficult to predict how much will be involved but we try to estimate it as best as we can. Like earlier this year, we will look at moving that within the Vote itself.

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