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

Mr. Brendan McDonagh:

The planning conditions designated that a special development zone so when it was approved by An Bord Pleanála in April 2019, the requirement was for 10% social housing and 15% affordable housing. The 10% of social housing was guaranteed. The 15% was subject to a commercial agreement between Dublin City Council, the Department of Housing, Local Government and Heritage and the owner of the site. It has been well documented that the 15% could be bought. In the first phase, I believe only about 4% has been bought by Dublin City Council and the Department, rather than the 15% they are entitled to buy.

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