Oireachtas Joint and Select Committees
Wednesday, 16 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of NAMA: Discussion
2:30 pm
Mr. Brendan McDonagh:
The planning legislation applies to all operators in the market on the same basis. That was the point I made in my speech.
If 10% is required under the new Part V legislation passed earlier this year, it means 10% of actual housing built, as opposed to what happened between 2002 and 2014, when people could simply pay money to the local authority and not have any social housing in schemes. A total of 550,000 houses were built between 2002 and 2011.