Munster: '€2m down the swanny' yearly due to land repayments
Published 26/07/2014 | 12:00
THE HIGH price of lands bought by Louth County Council at the height of the property boom was raised again at the July meeting.
Cllr. Imelda Munster criticised the fact the loan repayments for these lands amounted to €2 million every year.
'This is non-sensical. We should write to the department again to urge them to consider the amount having to be paid every year. It is effectively €2 million down the swanny.'
Chief Executive Joan Martin told the meeting there was a push on at national government level to address the issue of social housing demands.
She said there was a possibility that the land bought by Louth County Council could be used to address this demand in Louth in the future.