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
Brian Stanley (Laois-Offaly, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
I am trying to understand the Department's rationale behind the various housing models that are being used. In some cases they have been 100% financed, while in others it has been 90% or 30% and the AHBs go to the Housing Finance Agency to borrow the rest. When the AHB is out the other end, as it were, and the finance has been redeemed after 25 or 30 years, why is the State not taking an equity share in those developments? Will Mr. Jordan explain the agency's thinking on that as it seems it is losing an asset?