Oireachtas Joint and Select Committees
Thursday, 17 October 2024
Public Accounts Committee
Financial Statements 2023 - Charities Regulatory Authority
9:30 am
Marc Ó Cathasaigh (Waterford, Green Party)
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That is very good. I will ask a very big question in two minutes and I do not suppose we will get to the bottom of it. Approved housing bodies are becoming a bigger part of housing provision and they are going to become difficult. There are encumbered assets with loans against them. There are unencumbered assets where some of these houses are being bought through fund-raising and have no mortgage attached. We will end up with ostensibly charitable bodies with a very large asset base and income streams derived from the asset base. Is Ms Delaney content that robust systems are in place? We have the Peter McVerry Trust where systems have broken down. There is a special report on that which people can read at their leisure. Is Ms Delaney content that the structures are in place to deal with what is going to be a very large asset base and very large income streams?