Results 8,021-8,040 of 28,162 for speaker:Catherine Murphy
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: Is Ms Deering sure that the funding would not have been available from another source?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: HBFI launched the scheme in early May 2020 but the announcement relating to the global pandemic was made by the then Taoiseach on 12 March. That is a very short period to introduce a fund or to make that assessment of need. Where is the evidence? I am not convinced that I have heard evidence to support the conclusion reached that the introduction of that fund was necessary.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: It was entirely HBFI's own assessment-----
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: I want to ask about the advantages of borrowing from HBFI as opposed to one of the pillar banks. Ms Deering talked about a ratio of 65% but that HBFI can go above that. How many of these went above 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) Catherine Murphy: Was the viability of HBFI a consideration in 2020, in the absence of being able to lend and in covering the cost of maintaining the entity? Was that a consideration?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: Ms Deering referenced the performance criteria linked to remuneration, one of which is output. Obviously, the output was significantly accelerated in the short term by virtue of the introduction of the fund. Does Ms Deering accept that the fund brought an advantage back to herself and other members of staff?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: So far-----
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: That fund significantly increased the output, which is one of the key performance indicators.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: It met the demand in a very different way from the stated original intention of HBFI's remit.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: Ms Deering said that many of these units are for rent but that HBFI cannot do a cost comparison between units that were funded from the momentum fund and those from the other offerings because these were build-to-rent units. Ultimately, those units will be sold to another entity that will rent them so do we know how much they are going to be sold for? How is that broken down in the cost per...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: I just want to know what they will be sold for-----
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: Even if a scheme is sold to a 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) Catherine Murphy: Yes, in its totality, we can break it down. We can say there are 300 units, we can divide it up, do the maths and we can find out how much it would have cost, per unit, to that entity. The units could equally have been sold to a housing association, a local authority or a voluntary housing body but we can break the figures down. What I want to see is what these units would be sold for,...
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: Those units were just in Dublin, Ms Deering told us.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: When HBFI looks at viability, I presume it considers a projected rent of €3,100 per month. Where does that fit into viability considerations, or does it?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: What about the rents?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: The viability is predicated on people being able to pay a rent of €3,100 per month for a three-bedroom property.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: I am wondering whether I live in the same world as Ms Deering. How many people does she know who could or would want to pay €3,100 per month in perpetuity?
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: Those rents are unsustainable for most people.
- Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Home Building Finance Ireland - Financial Statements 2020 (3 Mar 2022) Catherine Murphy: We had understood that HBFI's role was to provide funding where it was not available to builders around the country who could not carry the risk of not being funded when buying land and obtaining planning permission. My understanding of HBFI's role was that it was to add to the market, be it through sales to local authorities directly or purchases by owner-occupiers. I understood the aim...