Oireachtas Joint and Select Committees
Tuesday, 29 March 2022
Joint Oireachtas Committee on Housing, Planning and Local Government
Social and Affordable Housing: Discussion (Resumed)
Ms Camille Loftus:
I will not be able to remember the numbers off the top of my head but the numbers under cost rental equity loan, CREL, 1 and 2 are known. We are anticipating the announcement of a rolling programme of funding around cost rental that would allow us, in the same way as capital advance leasing facility and payment and availability, to spot an opportunity or development and bring forward that proposal proactively instead of waiting for a call. One of our problems with the way CREL has been rolled out so far is that we know we want to get stock delivered as quickly as possible-----