Mr. Brendan McDonagh:

I have seen it reported that some of the units offered by NAMA were not compliant and some were on unfinished estates. No local authority or approved housing body has agreed to take on an unfinished estate or one where there was a compliance issue. We have put in the money to finish such estates and offer them to local authorities in a fully compliant state. We have spent €130 million on remediation issues and will probably spend another €70 million on them. NAMA is not afraid to commit money to a project if we believe the end product will be commercially justifiable.