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
Catherine Connolly (Galway West, Independent) | Oireachtas source
Absolutely, but I am trying to tease out what is happening. On the question of value for money, if property prices keep rising as they are, NAMA is getting a return and it looks good on paper. In the meantime we have a housing emergency. We are paying €300 million in housing assistance payments this year alone to private developers. These things are the implications of having no social housing and not enough other housing being built, leading to property prices rising. I have a duty to look at value for money in a different way from the way the inner circle might look at it.
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