Results 10,961-10,980 of 20,068 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: Rent of between €720 and €740 per week-----
- 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: -----is totally unaffordable for most of the people who live on this island.
- 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 will break for ten minutes.
- 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: A few members are tied up with parliamentary duties, including Deputies Dillon, Devlin and O'Connor. I have a few questions on the loans to builders and developers. What is the largest loan that the HBFI has provided?
- 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: Was the €94 million for apartments?
- 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 gave a figure before the suspension about the rental costs. They are for Dublin. A two-bedroom apartment is €2,100. It is €3,100 per month for a three-bedroom apartment. Are those up-to-date figures or are they costs that have been provided to date during the HBFI's period of operation?
- 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 understand that. Do those costs relate to properties built over the period since the HBFI has been established? Are they the most up-to-date figures based on current market 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) Brian Stanley: I have a question about the cost per unit. Ms Deering mentioned a figure of more than €400,000 for an apartment. The cost per unit as of 31 December 2020, based on the HBFI's section 24 review, shows the average cost per home for those developments with more than ten units. This is approved funding. I understand that does not take into account the full fund, but covers more than...
- 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....