Oireachtas Joint and Select Committees

Wednesday, 22 February 2017

Committee on Budgetary Oversight

Fiscal Outlook, Competitiveness and Labour Market Developments: Discussion

2:00 pm

Ms Patricia King:

The council has worked positively on that. We have discussed housing a lot. We are very much in favour of affordable housing. We think that, even with the crisis and emergency that exists, there are great opportunities to develop different models of supplying houses. Even one of the documents issued by NESC suggested that an arrangement should be made with NAMA, perhaps in a pilot scheme, to get up to 2,500 mixed income rental units in Dublin for precisely the cadre of people described by Deputy Burton. These units might not be their final home but they may be the type of living these people want at a certain point in their lives. The State, instead of expecting NAMA to give a return, which is what the current NAMA legislation does, could adjust the remit of agency in that legislation to allow the agency to make a return to the State over a much longer term via that rent.