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
Ms Claire Feeney:
The Deputy is correct that this is being phased out but, for the enhanced leases or any other leasing proposal with a cost of over €20 million, we do a cost analysis for the Department. We compare the cost of the leases over the term with the housing assistance payment, HAP, direct build or any other approach. In many cases, the cost provisions in the recommendations are constrained by the fact that the units are only available for leasing. However, we do carry out a cost analysis for the Department.