Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Brendan McDonagh:

Yes, by the end of the year we will have delivered 2,000 units out of our portfolio for social housing purposes through a combination of sales to local authorities and approved housing bodies, but there will be more as time goes on. Due to the tight budgetary constraints the Government has been under, we have mainly been buying the properties ourselves from our debtors and receivers and leasing those properties back to the approved housing bodies and the local authorities.