Oireachtas Joint and Select Committees

Thursday, 19 January 2023

Public Accounts Committee

Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer

9:30 am

Mr. Bob Jordan:

Mr. Harrington might want to come in here, but at the moment we are suspended from purchasing properties pending the review. Obviously, the direction of travel at the moment is looking at combining maybe a number of the functions of the agency. We have an advisory service on compulsory purchase orders. We have a technical unit to advise on converting non-residential units into residential units. We hope that this acquisition fund could be deployed then to purchase non-residential units, or larger residential units for conversion into smaller units, to tackle vacancy out there and to support the social housing list. The main benefit of that would be bringing real additionality in respect of the work of the fund.