Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source

I do accept that. It is important to say that all those works were done and all those units are back up to full scratch. In many ways, the residents were in a better situation when dealing with NAMA than if they had dealt with a developer that was not in NAMA, had gone defunct and did not have to deal with it. I accept all of that. However, my broader question was about the narrative around oversupply, as well as the belief that priority should be given to increasing supply by turning the units NAMA had in stock into useable units. That is one is example, and there may be complicating factors. Overall, over a ten-year period when the State had an interest in large tracts of land, NAMA did not significantly increase the housing supply.

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