Results 10,401-10,420 of 34,618 for speaker:Seán Fleming

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: I am asking the Department to address this in the context of the nuts and bolts of how these schemes work. I know of couples who have split up, legally separated and sold the family home. They might have ended up with €20,000 having cleared the mortgage. However, under the Rebuilding Ireland home loan scheme, one of the parties must still live in the original house. I think I am...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Does Mr. McCarthy understand what I am asking?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: The Department can correspond with the committee. I have had correspondence and there is a different definition of first-time buyer in another scheme in the Department.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: The Secretary General can understand why, when I am told there are two different definitions of first-time buyer in the Department depending on what scheme people are under, I do not get the logic.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Does Mr. McCarthy understand me asking?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: There is an organisation with billions of euro that for years has been trying to give the Department money to build houses. This is the credit union movement. Everybody, starting with the banks, is determined to keep credit unions out of their sphere of activity. The Minister of State, Deputy Damien English, said just the other day in answer to a parliamentary question that one of the...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Talk me through the credit union issue and why a special purpose vehicle is needed.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Why is there a need for a special purpose vehicle?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Are the approved housing bodies off-balance-sheet?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: They are on-balance-sheet.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Whose idea is it to make up this wheeze of a company, called a special purpose vehicle, to take it off-balance-sheet? Is it the Central Bank that wants it off the balance sheet or is it the Department or the approved housing bodies? What is wrong with having them and the credit union loans on the State balance sheet if they are to build houses? Who is making the effort to take them off the...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: When was that decision effective from?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Last December.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: By how much did our national debt increase as a result?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: No, I want a figure.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: They only had borrowings of €100 million.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: And it was already on balance sheet.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: There was an issue there years ago.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: This was all only approximately €100 million. They want to get some of their activities off the State balance sheet.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 10 - Funding and Oversight of Approved Housing Bodies
Vote 34 - Housing, Planning and Local Government
2017 Financial Statements - Housing Agency (25 Oct 2018)

Seán Fleming: Are they even sure if they succeed with this special purpose vehicle that EUROSTAT will go along with it? Perhaps it will not. We have been around this house a few times.