Clúid Housing

Lobbying Organisation Clúid Housing

Date published 19 Jan, 2024

Relevant Matter Public policy or programme

Public Policy Area Housing

Period 1 Sep, 2023 to 31 Dec, 2023

Specific Details Debt levels in the AHB sector

Intended results Housing finance policy review on debt levels in the AHB sector

Name of person primarily responsible for lobbying on this activity Brian O'Gorman

Did any Designated Public Official(DPO) or former Designated Public Official(DPO) carry out lobbying activities on your behalf in relation to this return? You must include yourself, and answer Yes, if you are a current DPO or a DPO at any time in the past. (What is a Designated Public Official?) No

Did you manage or direct a grassroots campaign? No

Was this lobbying done on behalf of a client? No

Lobbying activity

The following activities occurred for this specific Subject Matter Area.

Meeting (6-10)

The Dept of Housing introduced equity component for cost rental believing equity would not be classified as debt. Legal advice confirms this equity is additional lending. LGIM lending to Cluid requires us to remain within 80% gearing. The board requested a 5% ‘contingency buffer’,which brings gearing limit to 75%. The LGIM covenant is a hard stop given the consequences of breaching this limit, which we are now approaching. 29/11/23-Brian O'Gorman/Mark Shakespeare/ Roger Harrington/Aine Stapleton

Designated public officials lobbied

The following DPOs were lobbied during this return period on this specific Subject Matter Area. These DPOs were involved in at least one of the Lobbying Activities listed above, but not necessarily all of them. As returns are specific to a Subject Matter Area the above Lobbying Activities may be associated with multiple returns.

Aine Stapleton Assistant Secretary (Department of Housing, Local Government and Heritage)