Oireachtas Joint and Select Committees
Thursday, 30 September 2021
Public Accounts Committee
NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General
9:30 am
Mr. Brendan McDonagh:
Yes. In 2012, the then housing Minister asked us what we could deliver. We agreed that we would deliver 2,000 social housing units in private houses, let us call them, which was effectively the 2015 plan. In 2015, we told the Minister that we would deliver 14,000 units and he told us that he wanted 20,000. That was the target set for us but it was fully in the knowledge that things could change, the portfolio was dynamic, we would deliver as much as we could and debtors could exit, after which we could not control what they did with the land.
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