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

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Given the shape of the housing market, the growth of population and the demand for housing that will be there, does Ms Deering not think it is now time for the Government to talk to the banks and ask why they will only lend 65% of the cost of a new development and not 80%, as is the case with the HBFI? Those banks have adequate moneys on deposit. In fact, they are now penalising people for having moneys on deposit. Surely some effort must be made to deal with this issue.