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Greater urgency needed to get Approved Housing Bodies back off-balance sheet - Eoin Ó Broin TD

2 July, 2019 - by Eoin Ó Broin TD

Sinn Fein Housing spokesperson Eoin Ó Broin TD has called on the Minister’s for Finance and Housing to work with greater urgency to get Approved Housing Bodies (AHBs) off the government balance sheet. 

The Housing Committee met this morning to hear the concerns of the sector on the reluctance of the government to tackle this issue.
Deputy Ó Broin said:
“This morning during a hearing of the Housing Committee we heard from representatives from The Housing Alliance and the Irish Council for Social Housing on the reclassification of Approved Housing Bodies (AHBs).
“It has been 18 months since Eurostat reclassified 14 AHBs to the Local Government Subsector.
“The sector outlined some of the difficulties it has faced since then in terms of getting AHBs back off-balance sheet, while maintaining its not for profit voluntary social housing ethos.
“There is a legitimate concern that if progress is not made on the reclassification issue soon that the delivery of social housing by the sector will be hampered if capital funding from the government dries up.
“Considering AHBs delivered 3,200 social homes last year, they need certainty regarding the capital funding stream available in the medium term.
“I have written to the Minister for Housing call on him to detail what work his Department is doing to secure the reclassification of the Approved Housing Body sector as off-balance sheet.”

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