Cian O'Callaghan (Dublin Bay North, Social Democrats) | Oireachtas source

Home Building Finance Ireland was set up by the State to provide funding for small builders to build homes for first-time buyers. We learned from media reports this week that €300 million of State funds channelled to Home Building Finance Ireland has gone to large developers to build homes that are then sold on to investment funds to rent out. In these instances, we are talking about high-end, high-rent developments. Why are State funds earmarked for small builders to provide homes for first-home buyers instead being used to finance large developers to build homes that are then sold on to investment funds?

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