Finance Informed Decision Making - Finance Risks

This module explores the role of sinking funds (or building investment funds (BIF)) to support the long-term maintenance, financial sustainability, and retrofit readiness of MUDs. The risks associated with inadequate sinking funds are highlighted. It explains how OMCs can use BIF reports to plan for future expenditure and major capital works. The video covers: • The purpose of sinking funds and their role in long-term asset management • Findings from recent research on inadequate sinking funds in apartment developments, and the associated risks • How BIF reports help identify future maintenance and replacement costs • Legal requirements relating to sinking funds under the Multi-Unit Developments Act 2011 Presentation slides are available here: https://www.housingagency.ie/wp-conte... Recording date: February 2025 The presentations were held in the context of the Technical Support Instrument (TSI) project "Multi-Country Support to Advance Building Decarbonisation". The project was funded by the European Union via the Technical Support Instrument, managed by the European Commission Reform and Investment Task Force (SG REFORM). The guidance provided during the webinar is non-statutory and general in nature. It is subject and secondary to the provisions of the relevant Irish legal frameworks applicable to owners’ management companies (“OMCs”), and licensed property management agents (property services providers), including but not limited to law the Multi-Unit Developments Act 2011, the Property Services (Regulation) Act 2011, the Companies Act 2014, as amended, and other relevant law. In the event of a conflict between the content of the guidance and legal requirements, the latter prevails. Personal opinions expressed by speakers in the training videos do not represent the views of The Housing Agency, the EU Commission, or the members of the research Steering Committee (Department of Housing, Local Government and Heritage; Department of Climate, Energy and Environment; the Sustainable Energy Authority of Ireland (SEAI); the Housing Agency). The materials are designed to provide accurate information about the subject matter covered. The content does not amount to legal advice. Material is provided on the understanding that the publishers and the beneficiaries of the research project disclaim all liability for any loss (financial or otherwise, direct or indirect) arising from adoption or implementation of the guidance, or failure to adopt or implement the guidance. Legal or other professional advice should be sought on individual circumstances. Materials in the training videos were recorded on 28 February 2025, and information and guidance provided may be superseded by new laws, regulations or guidance issued in the period since recording. Compliance with guidance in the materials is not the responsibility of the publishers or the beneficiaries of the research project.