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Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: Absolutely. As such, this is the HAP scheme under another name, albeit with a little bit more protection for tenure.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: I agree. I take that back. There is certainly a lot more protection for tenure, but not where rents are concerned.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: I am talking about the gap, which has to be paid for by the taxpayer.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: The maximum HAP rent for a certain category in Galway is €1,000. There is no way a tenant could get property in Galway for that, so he or she has to come up with €500 out of their own pocket. These used to be recognised as under the limit. Now they are over the limit and that is encouraged.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: What happens in Mr. Hannigan's sector?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: A tenant in this sector does not have to pay anything like the HAP contribution. That is a big difference.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: What is the overall debt of the voluntary bodies?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: Is that €281 million for all of the-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: I thought the figure of €1.3 billion was the value of the grants.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: What is the €281 million?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: The figure of €281 million is the outstanding loans for the-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: That is debt.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: It is €281 million in debt in respect of those 15 organisations that account for most of the housing in tier 3.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: The AHBs are, however, striving to get finance from private institutions.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: That would allow the organisations to borrow more.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: I would love to hear the words "public housing as of right" used.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: I would like some details on the sinking funds that were mentioned earlier.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: Yes, I am.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: Does that come under the remit of the approved housing body interim regulatory committee?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government
(21 Feb 2019)

Catherine Connolly: What has been found in respect of the sinking fund? Is it adequate?

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