Oireachtas Joint and Select Committees

Wednesday, 16 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion (Resumed)

5:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I suggest that the land banks NAMA has amassed in recent times have, perhaps through a process of default, overcome the constitutional difficulties identified in the Kenny report. It is now possible for an agent acting on behalf of the State to control the release of land to the market, as opposed to what occurred with developers in the past. Is this something the witnesses have considered in terms of ending up with sustainable provision of housing? If Ireland continues to be a home buying nation, every other aspect remains contingent on that irrespective of whether it is the right or the wrong option. Is it possible that NAMA is in a situation to implement aspects of the Kenny report without the constitutional difficulties?

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