Fingal County Council

Fingal County Council developed and implemented an Equity Register Module on Agresso to assist in the management of its role as a secondary lender under the Affordable Housing Scheme, where the Council retains a long term equity share in affordable homes. Managing equity shares investment involves meticulous tracking of complex financial and legal information, including purchaser details, equity percentages, redemption payments, and associated legal documents.

To address risks around accuracy, security, and long term management, Fingal County Council collaborated with Ascendas Business Solutions who were engaged to develop a Loans Module for Agresso. The module automates complex equity calculations, enhances reporting, and ensures transparency in managing public funds.

The equity Register is now fully operational in Fingal County Council and has delivered significant benefits -

Registered 1,046 affordable properties;

Recorded €69 million in equity shares issued to purchasers;

Streamlined reporting and departmental grant drawdowns; provides robust data for forecasting and financial planning; the project demonstrates best practice through its strong interdepartmental coordination, partnership with an Irish software provider, and its scalability for use by other local authorities. It addresses the core challenge of safeguarding significant financial and legal information related to long-term equity shares under the Affordable Housing Scheme, ensuring transparent, accountable management of public funds.