Oireachtas Joint and Select Committees
Thursday, 14 December 2023
Public Accounts Committee
Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage - Programme A - Housing
Financial Statements 2022 - The Housing Agency
Report on the Accounts of the Public Services 2022
Chapter 11 - Utilisation of the Land Aggregation Scheme Sites
9:30 am
Mr. Jim Baneham:
The €132 million is all the original loan overlap to the end of 2022. The €56 million was the market value of lands we still retained. We still retained the vast majority of those lands at the time that was done. There is a gap in the value that was assessed at the time they were purchased. Some interest would have accrued on those loans. Broadly speaking, the gap is in the region of €80 million.