Oireachtas Joint and Select Committees

Thursday, 30 September 2021

Public Accounts Committee

NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General

9:30 am

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael)
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I missed some of the replies earlier so I am not sure whether the matter I wish to raise has been dealt with. It concerns the land sold for residential units. It was estimated 63,300 units could be built on the land that was sold. Was it ever considered that this land could have been sold by way of a licensing system, with certain conditions that particular targets would be reached? On the one hand it is great to be able to sell land for commercial development and the creation of jobs but part of the creation of jobs must be the creation of the appropriate level of residential accommodation. It appears there was not joined-up thinking in the way this was thought out. Was that option considered at any stage?