Results 1-20 of 10,909 for and speaker:Brian Stanley

Written Answers — Department of Children, Equality, Disability, Integration and Youth: Special Educational Needs (17 Oct 2024)

Brian Stanley: 291. To ask the Minister for Children, Equality, Disability, Integration and Youth to give an update on the pilot school therapy supports in special schools; if he will provide a list of all special schools that are being considered for the programme (details supplied) as part of the programme as soon as possible; and if he will make a statement on the matter. [42176/24]

Written Answers — Department of Health: Health Service Executive (15 Oct 2024)

Brian Stanley: 571. To ask the Minister for Health to outline the reasons HSE Grade 3 clerical staff who are on a panel for Grade 4 positions are not being appointed; and the reason agency staff are being recruited into these positions. [40935/24]

Public Accounts Committee: Business of Committee (10 Oct 2024)

Brian Stanley: Apologies have been received from Deputies Marc Ó Cathasaigh, Catherine Murphy and John Brady. I propose that we go into private session briefly. Is that agreed? Agreed.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: ...are all very welcome. I remind everyone in attendance to ensure their mobile phones are switched off or in silent mode. To start, I wish to explain some limitations to parliamentary privilege and the practices of the Houses as regard references witnesses may make to other persons in their evidence. The evidence of witnesses physically present or who give evidence from within the...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I call the Comptroller and Auditor General, Mr. Seamus McCarthy, to deliver his opening statement.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: There will be a second round and I will bring the Deputy back in.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I am conscious of people looking in here. There is a lot of back and forth. The Deputy has been trying to tease out the sources of funding and then what is and is not on the State balance sheet. In his opening statement, Mr. Coleman said, "We have already received funding commitments of €2.5 billion.", from Government and half of that is from ISIF. Is that correct?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: There is €3.75 billion in the bag, and with this €2.5 billion needed now, the LDA will borrow half of that. The LDA will receive an investment from the State of €1.25 billion.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Out of the total sum of €6.25 billion, and there is a bit of hope involved in this from what is being said, there is a €1.25 billion equity investment from the State which is State equity. How much of the total of €6.25 billion will be on the balance sheet and how much will be off the balance sheet?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: ...áil a few years ago. Obviously, in the period of austerity it was difficult to start a conversation about social housing or affordable housing. Cost rental had not even entered the equation here and some of us were trying to get this idea of cost rental going. It is a brilliant idea and has been the missing piece in Ireland for a long time; not having a cost-rental model as...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I understand it takes a while to get it going because the investment is front-loaded to try to get back the rent that will finance the capital over 30 years or whatever way they are done. In some countries it can run over 40 years and different places use different models. There are further units in concept stage or design stage and they are coming through. On the cost of the finished...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: That is the Cairn Homes project. I looked at figures on this that said a one-bedroom home would cost €1,400 a month to rent, and it was an apartment. A two-bedroom unit cost €1,600 and a three-bedroom unit cost €1,800 per month. Is that correct?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: A one-bedroom apartment cost €1,400, a two-bedroom apartment cost €1,600 and a three-bedroom apartment cost €1,800 to rent per month.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I know that. That is in the Wild West and we accept that. Okay. I want to talk about the Shanganagh development in Dún Laoghaire. I have a spreadsheet in front of me. One thing that struck me is you need to have a very high gross income to afford the ones that are for sale. For a two-bedroom apartment, you would need a gross income of €96,795. Accounting for the 10%...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: ...is a deposit of €33,460. There is a mortgage of €264,000. There is an equity of €143,000, which is the lien on the property. The total borrowing is €407,000. Is that correct? That is the sum of €143,000 and €264,000, which amounts to €407,000. Is that correct?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I do not want to trivialise €10,000 but in the greater scheme of things, that is minuscule. We will accept that. Let us consider these properties and include the subsidy that the State invests. I buy the house and borrow €30,000 from the State. I take out a mortgage of €364,000. I now have borrowings of €407,000. The overall value of the house is...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I know. That is the amount that has to go in on the first day. Mr. Coleman is ignoring the fact that 30% is borrowed through the State equity piece. If Joe Bloggs buys and wants to sell the house, that 30% has to be paid back. Mr. Coleman and I know that. It will be on the title deeds that the lien is on the property and cannot be removed. The transfer of that property is dependent on...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: ...are in because of its location. People have this thing about addresses. I never got it myself but some people do. The point I am trying to make is that it is irrelevant. The LDA almost got land for free and contracted a builder. That is fine, and there is nothing wrong with that. The prices, however, are still sky high despite the subsidies and all the moving around of figures. The...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Who is getting the extra cash? There is a notional thing involved. I do not mean to be dismissive of Mr. Coleman and I do not mean it that way but because there is this notion around certain areas, they are more expensive. The hard fact is that this land was acquired from the local authority for a nominal sum. A builder comes in. Concrete blocks cost the same to build in Shankill as...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: ...€2,000. At nearly €2,400 per month, we are talking about the upper end of the market. We need to accept that. In Citywest, the average cost rental is €1,350. I know Mr. Coleman wants to talk about that and I am interested. How do we have a model that brings the best value that the LDA can deliver and that will require the smallest amount of borrowing? We want...