Oireachtas Joint and Select Committees

Tuesday, 30 September 2025

Joint Oireachtas Committee on Housing, Local Government and Heritage

Peter McVerry Trust: Discussion

2:00 am

Mr. Tony O'Brien:

Essentially, my understanding is, having read the reports and the internal information, that at the time there were what might be loosely called cash flow pressures, which it was assumed would be resolved. It was a borrowing from Peter to pay Paul type of effort. Of course that all came to halt when the music stopped. Therefore, it was not possible to replenish the restricted funds.