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
Mr. Brendan McDonagh:
No. We just looked at what we had in our portfolio and we then filtered it down into what might be commercially viable. It has to be commercially viable because to provide funding for the building of houses we have to provide State aid. For social housing it would be 10%, or whatever the Part 5 obligation is. If we get planning permission for 500 units then we know ten units would be for social housing.
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