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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: It was when the new Minister for Finance was coming in.

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: That was in December.

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 Secretary General will appreciate that it is a huge projection in view of the fact that there is such a housing crisis.

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: Mismatch.

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: What is the estimate at this point?

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: Is it €800 million?

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: In relation to delivery, the Secretary General has figures for the first nine months of 2022.

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 the figures I am looking at, the best I can make of it is that there were 6,500 to 7,000 social housing units built, with a shortfall of 27% or 28%.

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: There is a serious gap there. On affordable housing, what is happening? Why cannot we provide affordable housing? There are only 900. All going well, they might come in at 1,000 delivered. The projected figure was 4,100. We are 78% below on affordable housing. Will the Secretary General clarify are we talking about affordable rents or affordable purchase, or both? Which are we...

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: What are we talking about? What is captured in that projection of 4,100? What different schemes are in that?

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: Did the Secretary General say "the shared equity"?

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: So as we are talking about the same thing here, are we talking about the top-up loan here that individuals get?

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: Yes, and one does not start paying back for six years.

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: It is a top-up loan given to people to buy houses of up to 20% of the value of the house.

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: It is equity, but after six years-----

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: Yes. For six years, one does not have to worry about it. My point is, it is a top-up finance. It is putting more debt on the property. If the value of the house is €300,000 and it is a 20% top-up, that is an extra €60,000. The Secretary General is saying to me that that is captured in this figure of 4,100.

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: We need a better breakdown of this. This is revealing that the figure of loans for private houses where people are borrowing from private institutions is now being counted by the Department and by the Government in figures for affordable housing delivery.

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, but it should not be. What we are talking about here is new builds. That is our understanding, according to the briefing notes. We had the Housing Agency here last week. We follow this closely. I do not know whether other members are aware of it but this is the first time I heard it. That figure needs to be taken out of it. In relation to delivery, because this 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: Why cannot we do it?

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: With respect, Mr. Doyle told me that previously. I understand that. and it is a step in the right direction.

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