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

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9:00 am

Mr. John McCarthy:

We work on the basis that 90% of the borrowing at the moment is done through the HFA and availing of, in effect State borrowing rates, primarily for housing purposes. The HFA does not have a state aid clearance to lend for other purposes.

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