Oireachtas Joint and Select Committees
Thursday, 20 May 2021
Public Accounts Committee
Housing Schemes Expenditure: Think-tank for Action on Social Change
9:30 am
Catherine Murphy (Kildare North, Social Democrats)
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That is okay. I can do that myself. In terms of the capital spend, rents are increasing right across the country by incredible amounts. In Maynooth last week we saw that some of the houses that were acquired by a developer are likely to be somewhere in the region of €1,900 to €2,000 a month. That is an incredible amount of money and very unaffordable for most. That puts people on HAP outside of the option of renting them because once there is a limit on HAP people are not be permitted to rent what might be available beyond a certain figure. Is it not the case that it becomes more cost efficient in that scenario to build?