Results 4,221-4,240 of 20,057 for speaker:Brian Stanley

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Could we just clarify one thing? There was something of a revelation for me in that exchange. Before we go any further, in regard to affordable homes, I understood that to be an important housing scheme. Did I hear Ms Timmons correctly when she said that the shared equity scheme is bundled in and counted as affordable homes?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Am I correct in saying that the shared equity scheme is the top-up loan provided by the Government? An individual or couple who cannot borrow sufficient money to buy a house for say €300,000, have to borrow €240,000 and the Government gives them €60,000 which they have to start paying back after six years. Is that counted as affordable housing?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: They do not have to, but the charge stays on the property. It has to be paid back at some time, or if the property is sold the money has to be paid back. Can I clarify the point? Are we saying that is now counted as part of affordable housing?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Many people in the business reckon that the top-up loan drove up the price of housing, that it actually increased the price of housing. The evidence from Britain showed the same outcome from a similar scheme there.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: After the scheme was brought in, prices started lifting again.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Mr. Doyle, the price of the house is the same. It is still €300,000. I do not get the affordable part of it. Where is the affordability?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: To get into heavier debt.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: It is postponed. The debt is postponed, that is all.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: It is very disappointing to hear this. I call Deputy Ó Cathasaigh.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Mr. Towey should reply briefly.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: I am sorry, but I must call Deputy Burke.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: We are going to take a short break. I will suspend the meeting for ten minutes.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: The next speaker is Deputy Brady.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: I call Deputy O'Connor.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: I thank Mr. Laffey. I call Deputy O'Connor.

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: I will come in on the issue of retrofits, if I may. I have raised with Mr. Doyle a number of times the need for deep retrofits, including external wraps, on old local authority houses. Such retrofits are more difficult. In those old estates, No. 30 may be local authority-owned while No. 31 is privately owned, which causes difficulties. I acknowledge the progress on that. Local...

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: I do not mean to be rude but will Mr. Graham tell me under what heading are those 5,500 projected to be delivered? I do not want to nail him down to targets because I know that things can change in a month or two but how does this target of 5,000 affordable units set by the Department and the Minister break down?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Is it the case that the majority of the 5,000 will be delivered through shared equity?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: Would it be possible to give the committee a note with some information on the breakdown as to what has been delivered and through which paths for the first nine months or three quarters of this year?

Public Accounts Committee: Appropriation Accounts 2022
Vote 34 - Housing, Local Government and Heritage
2021 Report of the Comptroller and Auditor General
Chapter 3: Central Government Funding of Local Authorities
Chapter 4: Accountability of the Central Funding of Local Authorities. (26 Oct 2023)

Brian Stanley: There is a target of 9,000 social housing units. According to the information we have received from the Department, the overall output was 7,234.