Mr. Brendan McDonagh:

We outlined the types of units we had and where they were located. We gave that information to the Housing Agency, which discussed it with the local authority. It might come back to indicate there was too high a concentration of social housing in a particular town and that the local authority did not wish to have any more social housing there. It might indicate that a one-bedroom apartment was required but we were only offering a three-bedroom house. What could NAMA do in such a situation?