Oireachtas Joint and Select Committees

Thursday, 2 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Environment, Community and Local Government

9:00 am

Mr. John McCarthy:

They are not recorded in either the Department's accounts or the housing agency's accounts at the moment. We have sought legal advice as to what the appropriate space is, one or the other, in which they should be accounted for. There will be an issue around how they are actually valued. Going back to my earlier point, these sites were not acquired for commercial resale purposes. Their value is attached to their capacity to be used for social housing purposes.