Peter McVerry Trust granted stay on order for it to complete purchase of Killarney site

Last September, the State’s regulator for housing bodies appointed statutory inspectors to conduct an investigation into financial issues at the charity

The Peter McVerry Trust had in July informed the Department of Housing that it was facing serious cash flow pressures that led to auditors PwC being appointed to conduct a financial and governance review of the trust.

The Peter McVerry Trust has been granted a short reprieve from its obligation to complete the purchase of a €300,000 greenfield site in Co. Kerry by Friday this week.

The homelessness charity, which is currently experiencing financial and governance issues, was last week given seven days by Killarney Circuit Civil Court to complete its contract for the lands in Killarney town centre.