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 Susanna Lyons:

If an AHB is seeking to wind down and cancel its regulation with AHBRA, we will seek clarification on what will happen with the assets and what is the current status of those assets, in addition to what will happen with the tenants and whether the assets are being transferred to another AHB. Additionally, we will seek representation from the local authorities to make sure that any liabilities associated, and any contractual arrangements, have been fully covered and that they are satisfied with such. That is the formal side of it but from a mergers and stock transfers perspective, because there are some interests in this AHBRA will release information and guidance relating to best practice for winding down, mergers and the type of things the board should consider.