270. Deputy Catherine Murphy asked the Minister for Housing, Planning and Local Government the way in which councils recoup the cost of borrowing for housing developments in cases in which the council has purchased land which is then developed for affordable purchase and social housing, in situations in which the council has raised the loan and must pay the loan back and in which the income from the development goes to the national central fund whose remit it is to use this rolling fund to purchase more land for development; if it is nett of the council borrowings; and if he will make a statement on the matter. [41457/19]

Summary

270. Deputy Catherine Murphy asked the Minister for Housing, Planning and Local Government the way in which councils recoup the cost of borrowing for housing developments in cases in which the council has purchased land which is then developed for affordable purchase and social housing, in situations in which the council has raised the loan and must pay the loan back and in which the income from the development goes to the national central fund whose remit it is to use this rolling fund to purchase more land for development; if it is nett of the council borrowings; and if he will make a statement on the matter. [41457/19]

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• Local Authority Housing

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