Mr. Brendan McDonagh:

The Deputy will be aware that the Department of the Environment, Community and Local Government, along with local authorities, categorises all housing estates into categories 1 to 4. Category 4 is the worst and there were about 150 on the list, for which NAMA had exposure to 29 and Gleann Riada was one of that 29. The Deputy is right. We made a decision, in conjunction with Longford County Council, that the only viable solution was to demolish the estate because it was not safe and was poorly constructed.

With regard to the remaining estates on the list of 29, we believe that the issue can be resolved with additional moneys. We will work with the relevant local authority to get site resolution and will deal with the issues.

The category 3 list consists of about 1,200 estates and NAMA has an exposure to about 130 of them. My understanding is that there is possibly one of the 130, following our engagement with a local authority, that is not solvable without demolition. It still remains part of the list.