State spending €1.5bn annually on housing 'it will have no authority over'

The meeting heard that there are more than 50,000 social housing units within the approved housing body (AHB) sector

The Dáil’s spending watchdog has sounded alarm over a legislative gap “as wide as the barn door” that could see €1.5bn spent annually on housing assets the State will not control in 30 years’ time.

The Public Accounts Committee yesterday heard from the Housing Agency, Approved Housing Bodies Regulatory Authority, and officials from the Department of Housing.