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:

I think it would be fair to say that there are definitely widely varying capacities within OMCs. To be clear, since 2019, we have been providing training seminars for members of OMCs, people engaged in multi-unit developments, around issues such as sinking funds, service charges and so on but also on governance. At the moment all we know about our own role - obviously, the announcement was just yesterday - is that we have been asked to formalise that into an advisory and support service to OMCs which will be established in quarter 1. We are in the process of establishing that. Beyond that, depending on what the Minister and the Government ask us to do, we may be asked to provide some technical support-----