Oireachtas Joint and Select Committees

Thursday, 18 December 2014

Public Accounts Committee

National Asset Management Agency Financial Statements 2013

12:30 pm

Mr. Brendan McDonagh:

Not that I recall. We try to engage constructively with the local authorities and the Housing Agency which is affiliated to the Department of the Environment, Community and Local Government to tell them what we have. Everybody thinks NAMA has a huge pool of assets. We do not. We had approximately 14,000 completed units in our portfolio and offered up approximately 5,500 of them. The market is very strong. There is demand from the private sector as much as anything and we cannot hold them out forever. Whatever we have, we have a very open door policy with local authorities and we ask them if we can help them, or they approach us through the Housing Agency. We have never failed to engage in the right way on that front.

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