Oireachtas Joint and Select Committees

Thursday, 3 March 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020

9:30 am

Ms Dara Deering:

What we have is €730 million from ISIF and what we did was to allocate some of that to support the momentum fund. What happens with that €730 million, no matter what way it is divided, is that we draw that down from ISIF, we lend it out over a period and then it is paid back and recycled. We are already recycling some of that funding.