Oireachtas Joint and Select Committees
Wednesday, 18 September 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance
1:30 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
I will conclude on this point. It is crazy that we are being asked to look at this legislation before we know all the detail of precisely what is happening with what NAMA has, what could be done with it and the options that are available. All of it should be maximised to deliver social and affordable housing as quickly as possible. It should be serviced and whatever needs to be done to it should be done in order address the housing crisis. We should possibly consider aligning it with the LDA in a State construction company. These are potential assets. I know they are loans, but NAMA has the ability to decide what happens. The assets should be used to maximise our capacity to deliver social and affordable housing. I am not sure what we are looking at this proposed legislation for without knowing all those details and what the possible options are.
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