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Results 501-520 of 1,180,999 for in 'Dáil debates' OR (speaker:Damien English OR speaker:Ruairi Ó Murchú OR speaker:Catherine Murphy OR speaker:Mary Lou McDonald OR speaker:Mairead Farrell OR speaker:Neale Richmond OR speaker:Duncan Smith OR speaker:Hildegarde Naughton OR speaker:Thomas Pringle OR speaker:John McGuinness OR speaker:Róisín Shortall OR speaker:Eamon Ryan OR speaker:Kieran O'Donnell OR speaker:Mark Ward OR speaker:Darren O'Rourke OR speaker:Robert Troy OR speaker:Brian Leddin OR speaker:Seán Sherlock OR speaker:Matt Carthy OR speaker:Catherine Connolly OR speaker:Éamon Ó Cuív OR speaker:Marc Ó Cathasaigh OR speaker:Seán Fleming OR speaker:Denise Mitchell OR speaker:Mick Barry OR speaker:Thomas Gould OR speaker:James Browne) in 'Committee meetings'

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

Mairead Farrell: I am a bit concerned in terms of the long-term nature of the funding but we are in a serious housing crisis. As for the land the Land Development Agency has been seeking for the delivery of affordable homes - I am from Galway where we really are looking for affordable homes - lands where homes are delivered directly can be used or it can consider the purchase of affordable homes from...

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

Mairead Farrell: It is €409,000. What is the average cost for the houses purchased from Cairn Homes in Citywest?

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

Mairead Farrell: Is Mr. Coleman sure that capital expenditure is definitely not off-balance sheet?

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

Mairead Farrell: It is definitely my understanding that it is off-balance sheet.

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

Mairead Farrell: Can any of the witnesses confirm that?

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

Mairead Farrell: My understanding was that the capital expenditure was off-balance sheet.

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

Mairead Farrell: Okay, so capital expenditure is off-balance sheet.

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

Mairead Farrell: It is off-balance sheet.

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

Mairead Farrell: That changes things but we will go back to that in a moment because I am still looking at-----

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

Mairead Farrell: Yes.

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

Mairead Farrell: Okay, we will go back to Cairn Homes and I will see what I can find out in the meantime. What was the average cost to purchase a unit from Cairn Homes?

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

Mairead Farrell: It is €435,000. I understand from the NewERA report that the LDA's direct delivery costs are quite similar to the costs for Project Tosaigh. Is that the case? I am just receiving information that the LDA is off-balance sheet but we will have to come back to this. This is taken aside from what I was going into. When a buyer wants to buy a house outright, what seems to be...

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

Mairead Farrell: I want to keep going back to the off-balance sheet issue because I only have a few minutes and it keeps coming up.

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

Mairead Farrell: I know that. It is my first time at this committee. It is my understanding the LDA's borrowing is potentially off-balance sheet too. Can full clarification on that be brought back to the committee? Is that easiest?

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

Mairead Farrell: Definitely, 100%.

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

Mairead Farrell: Yes, and then the €1.25 billion is from the AIB shares sale-----

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

Mairead Farrell: The €5.7 billion. On the issue of the €1.25 billion, will that be off-balance sheet as well?

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

Mairead Farrell: Is it correct that all is considered off-balance sheet? That is €2.5 billion. Will the €1.25 billion Mr. Coleman mentioned be off-balance sheet as well?

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

Mairead Farrell: No. Obviously there is the amount that can be borrowed but we are not at that point at present. We are talking about the €2.5 billion and then, was it not, an extra €1.25 billion that the Department had mentioned that it could get down the line? Would that be off-balance sheet?

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

Mairead Farrell: Perfect. I thank Mr. O'Sullivan.

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