Catherine Murphy (Kildare North, Social Democrats)
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83. To ask the Minister for Housing, Planning, Community and Local Government the progress to date on the creation of an NTMA fund or other special fund to finance the building of housing; and if he will make a statement on the matter. [33179/16]

Simon Coveney (Cork South Central, Fine Gael)
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Work on developing the new funding vehicle is underway within the NTMA. Potential models for the structure of the vehicle are being examined and bilateral engagement is ongoing between the NTMA and my Department. A critical factor in the delivery of the action will be that the funding vehicle is ‘off balance sheet’ from a Government accounting perspective. Consultation involving EUROSTAT and the Central Statistics Office to address considerations affecting the potential balance-sheet treatment of the vehicle is ongoing.