Oireachtas Joint and Select Committees
Thursday, 25 October 2018
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency
9:00 am
Mr. John McCarthy:
We were in a very different situation in the early part of the past ten years. Rents were dropping, there was a massive overhang of accommodation and the public spending programme was significantly contracting. Put all of those things together and they formed the rationale for why we tapped into the private-----