Dermot Desmond Tells Housing Ministers Investment Funds "Having A Laugh" At The Govt.

Sunday, 10 October 2021 11:51

The billionaire financier has sent letters to Minister Darragh O'Brien and Taoiseach Micheal Martin.

A billionaire financier has told the Housing Minister that investment funds are 'having a laugh' at the government, and making a lot of money in the process.

The Business Post reports that Dermot Desmond sent letters to Minister Darragh O'Brien and Taoiseach Micheal Martin.

He said buying and leasing social homes from private developers and investment funds, was a criminal waste of money.

Mr Desmond insisted that allowing the private market to dictate the price of social housing, is a shocking mis-management of public funds.

More from National News

IFA Plan Large Protest This Saturday In Newbridge

Over 800 farmers are expected to stage a protest outside Minister of Agriculture Martin Heydon's Constituency Office
Gardaí Say 'Current' Phase Of Searches Linked To Missing Deirdre Jacob And Jo Jo Dullard Have Ended

Gardaí have confirmed that while active searching at the location has paused, a further technical and forensic assessment of the site is continuing
Former US Soldier, Michael Kelley, Charged In Connection With Death Of Kerry Man Michael Gaine

The 56-year-old farmer was reported missing last March - human tissue found on his farm nearly two months later was confirmed to be his
Father Punched In Head And Child Pushed To Ground During Newbridge Assault

During the altercation, the child was pushed to the ground.
Education Officials Insist Damning Celbridge Primary School Findings Require "Peer Review"

Audio

Two independent reports completed last year and seen by Kfm News warned the school’s long-standing modular building shows widespread deterioration, including structural issues and fire safety concerns.
€20k–€30k Bill Raises Doubts Around Introducing A Video Archive Of Kildare Council Meetings

Councillor Claire O’Rourke has called for the council to create a webcast library of meetings on its website, arguing it would strengthen transparency and allow people who cannot watch live - including workers and carers - to follow key decisions.
Gardaí Target Nigerian-Based Crime Gang In Series Of Raids, Including Kildare

The gang has previously been described by Interpol as a key player in cyber-enabled financial fraud and various online scams.
Kildare Gets Smallest Cut Of Funding To Upgrade Non-Public Rural Roads And Farm Access Routes

The scheme is designed to pay for repairs and upgrades to non-public rural roads and laneways - typically narrow access routes serving homes and farms that are not normally maintained by local authorities.