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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 planning permission and the entity that is funded are one and the same-----

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: -----at all times, so is there is no prospect of somebody applying for planning permission and somebody else looking to develop the site?

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: It is both. That is okay. There was only 10% drawdown in 2020.

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: We have had the Covid pandemic and there have been delays in that regard, but is Ms Deering confident that all this money will be drawn down?

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 increase in 2021 on the figure for 2020?

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: On what? What was the initial 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: No. The question is what the total loan figure was in 2021.

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: Going back to the figure of €181 million, we are still only thereabouts. The figure is not increasing vastly. It is not increasing at the rate at which one would expect to see houses transpire. However, that is okay. It has been alluded to that builders are availing of HBFI finance, that is, larger developers who are then basically lending the money to smaller builders. Is 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: Does HBFI have due diligence that covers that off?

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: In any area, HBFI's smaller developments can be between only five to ten houses.

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 understand, but is the minimum five to ten?

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: In rural Ireland the reality is that, with Irish Water and the problems we have, sometimes our water schemes do not allow as much as five houses in many areas now. That is my experience from having sat at local authority meetings. We have huge issues in that regard. The bulk of HBFI funding seems to be for Dublin and the delivery seems to be in Dublin. I appreciate there are developments...

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: But Ms Deering can provide that after the meeting.

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 can write in later. That is absolutely fine.

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: Then I need to see a comparable figure for the sale cost versus Dublin.

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: Ultimately, as I said, this seems to be more advantageous to Dublin construction but, equally, to rent-to-buy schemes as opposed to private or social housing. How many of the combined 160-odd private and social housing units are in Dublin?

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, not the funds. How many of the private and social properties are in Dublin?

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 85 social and 92 private properties, how many are in Dublin?

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 does not know how many of the private and social housing units were in Dublin. She knows about the apartments but not about the private or social 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: That is irrelevant to what I am trying to ascertain.

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