Oireachtas Joint and Select Committees
Thursday, 30 January 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works
11:10 am
Kieran O'Donnell (Limerick City, Fine Gael)
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It came to the court. The court made a ruling based on what the houses would have been sold for on the open market, which was €77.6 million. He received €45 million for selling them as affordable housing. The court deemed that he was to be paid €31.5 million and the Department paid him the full going rate for affordable housing.