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:

I will come back to the rent of €3,100 in a minute. First, I want to put something in context for the committee so members will draw the right conclusions. With regard to the sale price, there will be a contract in place meaning somebody will purchase the apartments we have funded through the three schemes we are talking about, under the momentum fund. The person purchasing them is making an assumption that, in three years, the homes will be rented, if that makes sense.