Oireachtas Joint and Select Committees

Thursday, 28 February 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government

9:00 am

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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That is fine, if Mr. McCarthy sends us a note. I am merely trying to be efficient with the time available to me.

Going back to Rebuilding Ireland, I wonder about the estimate for the Rebuilding Ireland home loan, which is a welcome initiative. Where did the estimate of €200 million over three years come from? Kildare, Fingal, Meath and Waterford, for example, have all exhausted their funds and started refusing applicants on the basis of insufficient funds in 2018. Therefore, the fund is depleted. I completely understand that is a matter for the Minister in the context of the budget for the Department and it is not for Mr. McCarthy, but what analysis was done in terms of borrowing that money and what would be required?