Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

We are in the middle of a housing crisis that did not happen overnight. It has been building since 2014.

There was a lot of criticism. I was one of the people criticising the early disposal of some of the assets. If they were retained for a little bit longer, they may well have delivered a better outcome. If we look back, there are some that we could point to where that would certainly be the case. Mr. McDonagh says in his statement that the growth in property values has allowed a number of NAMA debtors to refinance their debt. I accept that there was an environment wherein paying down the national debt was considered important. When we look at the housing crisis now, in terms of NAMA's involvement, Mr. McDonagh is counting in a sizeable number of houses that have been delivered that are not directly related to NAMA, as it was the commercial sector that delivered them. Why is he counting them in as part of his direct involvement in delivering them? It is still below the target set by NAMA. Why is that the case when there is such a crisis at the moment?