ESRI report on housing borrowing slammed as ‘detached from reality’ by Finance officals
Research which suggested state could borrow up to €7 billion a year sparked scathing response
An ESRI report that said the state could prudently borrow billions for social housing was described as “not helpful” and branded as “detached from reality” by senior civil servants in the Department of Finance, the Business Post can reveal.
In June, a paper published by Kieran McQuinn, a research professor at the ESRI, recommended that the state had the capacity to “prudently” borrow up to €7 billion a year...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Reports Allianz has paused investment in Irish housing market are ‘misleading’
The company says it has made a number of real estate investments in Ireland and it would continue to do so
Less than 3% of country’s derelict sites acquired by councils in 2020
Most local authorities did not acquire any derelict sites last year
‘No justification’ to make building industry pay €800m towards mica scheme
Tom Parlon, director general of the Construction Industry Federation, said the organisation was exploring legal options if a new levy is introduced in the sector
Michael Brennan: €2.2 billion mica scheme a significant commitment from the state
Compensation programme is not everything that campaigners wanted but is €800 million more than recommended by the mica working group several weeks ago