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 Cormac DevlinCormac Devlin (Dún Laoghaire, Fianna Fail) | Oireachtas source

I am not suggesting NAMA would not engage but given the history and even though it is rare, we are talking about 2012, if not before that, all the way through to the current day, and NAMA should have a procedure. I will leave that there and will move on to other elements.

On NAMA's contribution to social and affordable stock, I have spoken before about the valuable contribution that NAMA has made in realising assets for the State and selling certain portfolios. Mr. McDonagh mentioned direct sales to the Land Development Agency, LDA, local authorities and approved housing bodies. Does Mr. McDonagh have a breakdown of those sales between the LDA, which would be relatively recent, I presume, the approved housing bodies, of which there are plenty, and local authorities? Does he have a rough breakdown of those?

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