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:
-----under Part V and that is it. There is nothing in the legislation about a percentage that has to be allocated for affordable housing.
The only scheme that I am aware of, and I have outlined it in my statement, is the Poolbeg West SDZ. Dublin City Council, when it approved the SDZ - the project has now gone for appeal to An Bord Pleanála - said that it is10% social housing and it wants to do a commercial deal on buying 15% of the stock for affordable housing. That is the only deal that I am aware of. I have been in NAMA since 2010 and have seen loads of transactions but that is the only transaction where I have seen that type of thing being promulgated.
No comments