Oireachtas Joint and Select Committees

Tuesday, 27 June 2017

Joint Oireachtas Committee on Housing, Planning, Community and Local Government

Action Plan for Housing and Homelessness: Minister for Housing, Planning and Local Government (Resumed)

11:30 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

The Department needs to play a role in this. I have just read a report where a former senior executive in NAMA has gone into a fund with Hibernia Reit and another gang called MKN Property Group. They bought property in Tallaght. Supposedly some of it is for social housing. This is someone who has a conflict of interest having come from NAMA and big vulture funds coming into the affordable housing business and making money from it. What is to stop these people coming in and buying up supposedly affordable housing in Cherrywood, for example? I suggest there is nothing at all.

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