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 Shane CassellsShane Cassells (Meath West, Fianna Fail) | Oireachtas source

It makes the scenario even worse that no capital was needed upfront to avail of the offer, yet only 2,7000 out of 7,000 units were taken up by our local authorities during a housing crisis.

It makes the picture being painted this afternoon even worse. Representatives from the Department of Housing, Planning and Local Government will be before the committee in a number of weeks specifically to discuss the issue of housing. It will be the sole item on the agenda. It will make for an interesting conversation on that day. Mr. McDonagh said the local authority said it had enough in certain areas. When there are 4,000 people on a housing list in one town, a director of housing or a CEO would have a brass neck to come back and say there is enough of anything in one area because we do not have enough housing. The fact that NAMA had that number of units on the books and was offering the capital upfront makes the response by the local authorities even more bizarre and scandalous.

Was the poor take-up communicated to NAMA by the Housing Agency? Did it go back to the Department and outline what had transpired? Was the Minister alerted to it?

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