Top finance official raises risks to public finances from surge in housing body deals
Approved Housing Bodies had €7bn of borrowings at the end of last year on €8.3bn of housing stock
Approved Housing Bodies had €7bn of borrowings at the end of last year on €8.3bn of housing stock
Agency provides loans to approved housing bodies and local authorities to build social and affordable homes
Government is targeting 50,000 homes a year, says Michael McGrath
State spending on a range of housing initiatives has risen significantly in recent years as the pressure is on to increase housing supply
Critical housing body needs temporary loan because original €1.25bn budget is nearly fully committed
Despite the influx of supply over the past year, affordability is still the defining issue in the market
Lending by Housing Finance Agency up 4.5% in first half of year
Springville House in Cork, the former headquarters of Pettit Consulting Engineers, has been transformed into a ‘cosy and comfortable’ living space
Compliance and cost issues can easily emerge if you are not familiar with construction, architect warns
Some 72 per cent of social homes delivered in the first nine months of last year came via turnkey or Part V purchases
Housing bodies say higher borrowing costs will stop some new projects being built
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