Barry Cowen (Offaly, Fianna Fail) | Oireachtas source

I seek clarification from the Minister regarding the €400 million proceeds from the sale of Bord Gáis. He told us in budget 2015 that those funds would be made available for social housing projects. It was further advanced that they would be specifically targeted towards the provision of affordable housing schemes. We have since heard that €10 million per annum would be allocated for 20 years, which amounts to €200 million I am anxious to know where this money is. Is it with the National Treasury Management Agency, NTMA, or the Ireland Strategic Investment Fund, ISIF? Irrespective of where it is, is it earning money for the State? Where is it and to what use is it being put? We are a long way from the commitment that was made initially in 2015.

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