Oireachtas Joint and Select Committees
Tuesday, 20 May 2025
Joint Oireachtas Committee on Housing, Local Government and Heritage
Challenges Relating to the Delivery of Housing: County and City Management Association
2:00 am
Eoin Ó Broin (Dublin Mid West, Sinn Fein)
It is less than €50 million per year, and that is all borrowing for all local authorities. The reason I am saying this is because the borrowing for St. Michael's Estate, which is the largest cost-rental project so far, is €22 million. Combined borrowing for all local authorities for a year amounts to about €50 million, while the borrowing for one project is €22 million, albeit that it will be staged over a couple of years. This just shows the constraints on local authority borrowing.
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