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Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: The graph indicates that it is €169,000 for developments of fewer than ten units and that increases to €280,000 through the momentum fund. That is the average cost per unit. What is the breakdown between urban and rural? Let us say between Dublin and outside Dublin, what is the breakdown?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: I imagine what I have in front of me is the construction cost.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Where?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Mr. Alger does not know the difference between building a funded property in Dublin and doing so in Wexford.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: What was the difference between the sale price of property sold in Wexford versus a property sold in Dublin for the year 2020 under the momentum fund?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: What percentage is that? Mr. Alger is saying the 100% is for the letting market. There is nothing-----

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: The figure I have is that 68% of these were for the private market.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Of the 68% for the private market, how many properties went into the rental sector?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: I want Ms Deering to tell me how many units of the 68% went to the letting market.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: No, I want Ms Deering to tell me the unit figure. How many?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: That is unusual.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: I appreciate that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: How many units?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Out of the momentum fund there are 717 units. Do the 600 come out of that or do they come from the overall figure?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: There are two issues relating to housing, particularly for people between the ages of 25 and 40, namely, risk and affordability. The reality is that since the HBFI was established, the affordability aspect has been reduced for people of that age from 16% down to 12%, which would suggest that the HBFI is not effective. There is an issue here with the affordability aspect. The HBFI is there...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: No, I need an answer to that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Was that in 2020 or is it today's rate?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: That is the average figure for where? What size home?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: Ms Deering said the average was something over €300,000.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020
(3 Mar 2022)

Verona Murphy: What kinds of properties are we discussing?

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