House Sales

Dáil Éireann Debate, Thursday - 20 May 2021

Thursday, 20 May 2021

Questions (208, 209)

Pearse Doherty

Question:

208. Deputy Pearse Doherty asked the Minister for Finance the number of developments in which all or a portion of units in that development are subject to forward purchase PRS sales that have been funded through the momentum fund; the total value of that funding; the number of such developments that have been approved funding through the fund; the name of each; the number of units in each development that are subject to forward purchase PRS sales; the name of the purchaser in each development; and if he will make a statement on the matter. [27331/21]

Pearse Doherty

Question:

209. Deputy Pearse Doherty asked the Minister for Finance the number of developments in which all or a portion of units in that development are subject to forward purchase PRS sales that have been funded through Home Building Finance Ireland; the total value of that funding; the number of such developments that have been approved funding through Home Building Finance Ireland; the name of each; the number of units in each development that are subject to forward purchase PRS sales; the name of the purchaser in each development; and if he will make a statement on the matter. [27332/21]

Written answers

Minister for Finance

I propose to take Questions Nos. 208 and 209 together.

I am advised by HBFI that the number of developments in which units in that development are subject to forward purchase PRS sales which have been funded by HBFI is five developments, three of which were funded through the Momentum Fund.

The overall total value of the funding is €264.04m (includes part v units) of which €189.59m relates to funding from the Momentum Fund.

A breakdown of these developments is set out below:

	No.
Project 1	307 Units*
Project 2	48 Units*
Project 3	287 Units*
Project 4	211 Units
Project 5	63 Units

* funded through the Momentum Fund

HBFI is not in a position to disclose the name of the purchaser in each development as this information is confidential and is commercially sensitive.

Question No. 209 answered with Question No. 208.