Oireachtas Joint and Select Committees

Tuesday, 31 May 2016

Committee on Housing and Homelessness

National Treasury Management Agency and Department of Finance

10:30 am

Photo of John CurranJohn Curran (Dublin Mid West, Fianna Fail) | Oireachtas source

Mr. O'Kelly, I wish to clarify something because you hit on a point that has come up specifically in respect of National Asset Residential Property Services. Let us call it NARPS 2 because it is outside NAMA and it is a new model. The committee's understanding is that accessing the funds is not the issue but rather the technical construction of NARPS 2 is the problem. You are saying now, Mr. O'Kelly, that you can do that more or less immediately. Is that correct?

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