Oireachtas Joint and Select Committees
Thursday, 1 October 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014 (Resumed)
10:00 am
Mr. Brendan McDonagh:
The local authorities work through the Housing Agency, which is part of the Department of the Environment, Community and Local Government. We make them available and they decide whether they want them. If we have an incomplete unit and we believe it is feasible to fund it to completion, they agree a lease with us. We will not even ask the councils to buy the unit from us; we will buy the unit ourselves and agree a long-term lease through the Housing Agency or an approved housing body. In the case of anything we offer up, we are prepared to follow the money and make it liveable.
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