Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Photo of Patrick O'DonovanPatrick O'Donovan (Limerick, Fine Gael) | Oireachtas source

When Mr. McDonagh was before the committee in July I asked a question on the role of NAMA in housing. At the time, Mr. McDonagh said a local authority in Dublin had refused an offer of properties to try to alleviate in some way the housing crisis it was facing. As I remember it, South Dublin County Council had refused an offer. Does Mr. McDonagh have any further information on the take-up of offers made to local authorities?

I am asking the question because the NAMA annual report states that 5,753 properties have been identified by the agency for social housing and 3,360 are no longer under consideration. Then, of that 3,360, over 1,000 have been sold or let and in the case of 2,135, there is no demand or they are deemed unsuitable. This means a great many houses have been deemed unsuitable or there is no demand from local authorities, which seem to be jumping up and down looking for resources - rightly so - to deal with the housing crisis. Can Mr. McDonagh elaborate on which local authorities have received offers from NAMA and refused them?

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