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:
That is a matter of policy. The regulator is here to evaluate the AHBs, to understand the financial structures etc.
At this time what we are seeing is that growth is utilising the capital advanced leasing facility, CALF, and loan financing and any growth is debt financing. Historically, if we look at the base, about 51% would have been the capital assistance scheme, CAS, and the capital loan and subsidy scheme, CLSS, but now we see that the CALF and debt funding are starting to take over from that. However, whether that is equity is probably more a matter for the Department.