365 Deputy Peter Mathews asked the Minister for the Environment, Community and Local Government if the Housing Finance Agency sourced loans on the open market in the early 1980s or if this money was provided from the Exchequer; if the agency or the local authority it advanced money to would bear a financial cost from reducing the interest rate of 12.5% on a local authority mortgage; and if he will make a statement on the matter. [31138/11]

Summary

365 Deputy Peter Mathews asked the Minister for the Environment, Community and Local Government if the Housing Finance Agency sourced loans on the open market in the early 1980s or if this money was provided from the Exchequer; if the agency or the local authority it advanced money to would bear a financial cost from reducing the interest rate of 12.5% on a local authority mortgage; and if he will make a statement on the matter. [31138/11]

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