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Ceisteanna Eile - Other Questions: Flood Risk Management (19 Jan 2023)

Colm Burke: I acknowledge both the Minister of State and his Department and, indeed, Cork City Council for the work they have done. It needs to be ensured timelines are clearly set out in order that we can get on with it. I appreciate the work that has been done to date. It is unfortunate that inflation caught up with the council when the first round of the project was first advertised for tenders to...

Ceisteanna Eile - Other Questions: Flood Risk Management (19 Jan 2023)

Colm Burke: 135. To ask the Minister for Public Expenditure and Reform the current position of the Glashaboy flood relief scheme; when work will commence; and if he will make a statement on the matter. [1915/23]

Ceisteanna Eile - Other Questions: Flood Risk Management (19 Jan 2023)

Colm Burke: I want to raise the issue of the Glashaboy flood relief scheme. As the Minster of State is aware, it went out for tender over 12 months ago and tenders were submitted. Unfortunately, the contractor who was awarded the contract was not able to do the work on the basis of the price quoted and the timescale set out in the tender that was submitted. Where are we now in relation to that? It...

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: I thank all the witnesses for making time available this morning. I wish to deal with the Housing Agency's revolving acquisition fund. A target of 1,600 houses within a four-year timeframe was set and slightly over 50% has been achieved. Is there a reason that target was set? I ask because 50% is way off target and I wonder whether there is an explanation.

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: What does "the portfolio sales were not available to us" mean?

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: That is interesting. I deal with banks in a different capacity as a solicitor. In the last few months I have come across two properties that were in possession of banks, which have been vacant for more than ten years. Vulture funds have come along and bought from banks and I do not understand why the State could not have done the same in a far greater capacity. How many properties in...

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Only 400 in the first two or three years is a small number compared with what was available.

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: It is easy for a local authority to confirm that. One could drop an email to a local authority and ask how many properties can it take on board. The housing list is huge so surely to God the number required could be identified in a timely manner.

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: I have a question on the sending of a list of 50 properties to a local authority. How long would it take the local authority to respond? I am a bit confused about the time it takes from when a local authority acquires land and gets the building done. Likewise, regarding something like this, why does it take so long for an assessment to be done and to go back to the Housing Agency? What...

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Yet, more than 400 houses were turned over in the first two years. It seems to have slowed up again after that. Was there a particular reason that by the end of 2021 it was 800 odd houses instead of 1,600 houses? Surely there must be some explanation as to why this was so off target

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: I am sorry; I ask Mr. Baneham to explain about the lenders. I am a bit confused. Where are the lenders coming in? The Housing Agency is talking about acquiring from the banks. It has the funding and it is then transferring on. Why should it run into problems at that stage regarding to whom it is transferring on?

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: ---

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: After two years, surely the Housing Agency knew problems were arising and someone should have sat down at the table and asked how the process could be fast tracked? This is about getting housing available to people on housing waiting lists or trying to use up properties that are vacant. As I said, two properties I dealt with in the past three months have been vacant for ten years. We have,...

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Regarding the banks, they are being sorted out in the sense that the State is taking properties off them. We are talking about reputable AHBs in this context, so surely to God a mechanism should have been set up with the banks to ensure this process was fast-tracked. The State was sorting out a problem for the banks and getting vacant properties used. In that context, surely there should...

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: I will move on to one final issue concerning residential units that were placed on caretaker leases. Quite a number of them were vacant. Why put a property on a caretaker lease? That is always dangerous because doing so means problems can be run into quickly with that kind of structure.

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Quite a number of these properties were vacant then.

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Returning to the revolving fund, where does Mr. Baneham see that fund being used up?

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Can I ask a final question?

Public Accounts Committee: Financial Statements 2020: Housing Agency
Financial Statements 2021: Approved Housing Bodies Regulatory Authority
Chapter 7: Housing Agency Revolving Acquisition Fund
Section 2 Report – Unauthorised Release of Funds from the Central Fund of the Exchequer
(19 Jan 2023)

Colm Burke: Where does the Housing Agency see this moving on to from here?

Public Accounts Committee: Business of Committee (19 Jan 2023)

Colm Burke: Is Mr. McCarthy satisfied that the issues that were there are now resolved?

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