Oireachtas Joint and Select Committees

Tuesday, 24 May 2016

Committee on Housing and Homelessness

Housing Finance Agency

10:30 am

Photo of John CurranJohn Curran (Dublin Mid West, Fianna Fail)
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As that is advanced to local authorities, what rate would be charged?

The agency has set out an ambitious programme. Deputy Durkan will be pleased to see local authorities back providing housing. Apart from the finances, has the agency any feedback from local authorities on their capacity to deliver these units? I am not being in any way critical but this is a financial document. Has the agency drawn it up in tandem with the capacity of the local authorities? There is no point in putting the funding in place if there is no drawdown.

It was stated there would be other repercussions for the State's finances. I presume this means that it will be an on-balance sheet expense.