Oireachtas Joint and Select Committees

Thursday, 6 December 2012

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 16 - Central Government Funding of Local Authorities

11:20 am

Mr. Philip Nugent:

It is very difficult to say. We have said there is a capacity constraint issue as well related to the number of approved housing bodies capable of operating the scheme, because it involves drawing down loan finance. Traditionally, approved housing bodies have tended to rely on 100% grant funding and this means there is a rather small pool of approved housing bodies. I would not like to say because it is impossible to make an informed guess.