Oireachtas Joint and Select Committees

Thursday, 3 June 2021

Public Accounts Committee

Vote 34 - Housing, Planning and Local Government (resumed)

9:30 am

Mr. Graham Doyle:

My apologies. I was on mute for a moment.

We saw that ESRI report as reported this morning. Certain targets were set under the various delivery streams of Rebuilding Ireland. The current programmes to which the Deputy referred are using current funding but in a way where the capital funding required to deliver under those programmes is far higher. HAP or RAS involve a cost of, maybe, €8,000 to €11,000 per annum to house a family. The upfront capital cost of that is very significant.

As to the figures the Deputy requested, the 2019 figures were €134 million in the RAS space and €382 million in HAP. The number of homes that supports is significant. The issue of upping the capital spend the Deputy referred to involves the balancing of that upfront capital investment and borrowing by the State within the fiscal rules against the need to deliver homes for people in the short term.