Results 11,001-11,020 of 20,100 for speaker:Brian Stanley
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: The HBFI is operating in 20 counties.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: The HBFI has funded projects in Laois and Offaly. If there are 20 or 30 houses to the acre, that acre can be bought for a fraction of the €400,000 in some places.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: According to the Government at the time, the purpose was to fund small- and medium-sized developers to build outside major urban areas. I have a copy of what was said at the time. There is a table from the HBFI from 31 December 2020. Looking at developments of more than ten units, €185 million was made available. There was €8.3 million for developments of fewer than 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) Brian Stanley: However, it has not helped the small builder in Mountmellick, Portarlington or Tullamore. That is clear from this. A builder providing ten or fewer units who could not get the equity needed from the bank and would not have been in a position to secure it and the handful of tradespeople with the skills. I assure Ms Deering that homes are needed in the areas I have mentioned. There is huge...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: Ninety-one owners?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: Most of them would have been bulk-bought.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: What concerns me here is that more than 80% of them finished up in the hands of institutional investors. I am aware that Ms Deering made the case earlier that she was trying to help that sector as well. However, are we sure that sector was really struggling to get finance? For example, if a constituent went to the local authority tomorrow to get money under the local authority loan scheme...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: I will let you back in again later, Deputy Munster, if there is time. Deputy Murphy is next.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: I ask Deputies to indicate if they want to come back in. I am taking notes as this develops. There is no requirement of proof in respect of the inability of a developer to access credit from a bank or other financial institution. I accept that everything takes time. Ms Deering will recall that I mentioned the very famous site in Ballsbridge. As I recall, a party was actually held by the...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: That is plenty of experience.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: What efforts are being made to let small builders, be they in Wexford, Kildare, Monaghan, Laois, Offaly or elsewhere, know that HBFI exists to help them and that there is money available? I am not sure about the communication. While I am sure HBFI has made some efforts, has the communication been adequate in order to reach the small builders? They complain about not being able to get...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: I impress on Ms Deering that she should use every instrument she has to try to ensure not only that bonds are secure but also that they are sufficient. Silverwood estate in Mountmellick has a remaining bond of €15,000. That would not even open the ground to do what needs to be done. Where does the money come from? I could rattle off examples, including Rushall in Mountrath....
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: Deputy-----
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: Please allow Ms Deering an opportunity to respond.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: We must be fair.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: On locations, the HBFI helpfully provided a map to the committee detailing data up to the end of 2020. In County Laois, for example, two developments were funded so how many homes were built?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: What about Offaly?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: I am mindful of the fact that to the south are Tipperary and Limerick. I found it odd that Limerick, with Limerick City-----
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: Ms Deering will be aware of the new spatial strategy about growing the regional cities, providing a counterbalance to Dublin and so on. Mr. John Moran has been pushing that. It is a good idea but the finance from HBFI does not seem to be registering. There has been nothing in Limerick yet, in either city or county. Are there are signs that may be changing?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Brian Stanley: Okay.