Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Okay. I will move on to housing. I am probably going to come at it slightly differently from everybody else here. NAMA started off with one mission and that was its mission. Then, because of the housing crisis, it was asked to build houses and supply land. That is all very important, but it was not NAMA's main core objective or anything like that. It was a bit of a by-product. As I have been listening to everything here, it has struck me that there has been a lot of discussion on the housing issue, which is really only a very small part of NAMA's work. It is an important part from a social dividend point of view. I look at it this way. I am looking at the global picture as NAMA's work is beginning to end. It has said that it has done roughly 10,000 houses so far and that out of a total of 42,000 - when people are taking back and buying - it will do approximately 20,000 more between now and 2020. There will be 20,000 extra houses on the land under NAMA's control.

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