1597. Deputy Thomas Gould asked the Minister for Housing, Local Government and Heritage the proportion of P and A agreements on average that are allocated to debt repayment; and the other categories they are allocated to, by proportion, in tabular form. [54896/26]

Pursuant to my Department’s P&A-CALF Funding Model, when a social housing project is approved for capital funding in the form of a CALF loan, an approved housing body (AHB) is simultaneously approved for current funding in the form of specified annual Payment and Availability (P&A) payments. An associated P&A Agreement (PAA) covers the conditions under which the properties will be made available for tenanting over the term of the Agreement, usually between 25 to 30 years.

The P&A payments are calculated as part of a financial assessment for each project, as conducted by the Housing Agency on behalf of my Department, and such payments may be adjusted periodically, as provided for in the PAA.

It was envisaged that the P&A payments should cover, over the full term of the PAA, the repayment in full of the loans, both the CALF loan and the matching funding, taken out to acquire the properties in the first instance. The P&A payments are also designed to cover such other expenses of operational, management and maintenance costs.

As the P&A payments are calculated with reference to the specific characteristics of each approved project, the constituent elements designed to cover debt repayment as well as operational, management and maintenance costs vary according to project and the AHB concerned. Accordingly, it is not possible to provide quantitative figures for the proportion of the P&A payments designed to cover the constituent costs, either per individual project or collectively, as, among other matters, these are not fixed parameters with the P&A-CALF Funding Scheme.