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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

My second question is on housing. We had a good discussion on housing and a good articulation from both Mr. McDonagh and Mr. Daly on the housing situation. Again what I would be looking at is their articulation of it and then the practice, when one considers the 13,000 units NAMA delivered and whether, in the overall scheme of things, it was helpful in solving the housing crisis or addressing some of the issues. They addressed social housing supply, affordable housing, which is massively important and then taking people out of the private rented sector, if possible and reducing the price of rents. I will benchmark that against what NAMA actually did, but before I do that, Mr. Daly mentioned that NAMA is not a housing agency. It is correct that NAMA was not set up to be a housing agency and there is a particular skill and mindset that goes with that because it is not just about the market in terms of housing. When the State looks at housing it must also do so through a socioeconomic lens. Did NAMA have the expertise in that area to make those type of decisions?

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