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Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: On costs and the PPPs, those first two bundles are coming in at €633,000 per unit. Some of those would be one-, two- and three-bedroom units. They would be small units. That is an absolutely astronomical sum. I know Mr. Doyle will say it is for the full lifespan over 25 years and that there is maintenance. However, from what I have seen, and I have checked, the maintenance in the...

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: The only additional costs-----

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: I understand that €633,000-----

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: The only difference though is-----

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: The only extra here is maintenance. I told Mr. Doyle that the rent, and I keep an eye on these things, collected by the local authorities can be five time to eight times the amount spent on maintenance. That is a fact and he can check that for himself.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: I am open to correction on this but I have looked at a few local authorities.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Finally-----

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Can Mr. Doyle clarify-----

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Who gets the rent on those PPPs over the 25 years? Who collects it and who holds on to it or passes it on?

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: The PPP builds them-----

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: No part of the rent goes to the PPP.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Okay.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Okay.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Okay. Go ahead.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Until recently AHBs could borrow for 0.5% but we are paying €633,000 per unit. That is an astronomical figure and the maintenance does not run to that kind of figure to bridge the gap between the actual cost of the build and the final figure of €633,000. That is all I am saying.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Are the Minister and the Government aware of that figure?

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: The figure of €633,000 for the first two bundles.

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Overall, is the Minister aware of that figure of €633,000 per unit for the first two bundles?

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Was the Minister briefed on it, Mr. Doyle?

Public Accounts Committee: Appropriation Accounts 2021
Vote 34 - Housing, Local Government and Heritage
Local Government Fund Account 2021
2021 Report of the Comptroller and Auditor General
Chapter 4: Re-allocation of Voted Funds
Chapter 6: Central Government Funding of Local Authorities
Chapter 7: The Housing Agency’s Revolving Acquisition Fund
(26 Jan 2023)

Brian Stanley: Okay, we have the figure-----

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