Dáil debates

Thursday, 5 November 2009

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage

 

11:00 am

Photo of Alan ShatterAlan Shatter (Dublin South, Fine Gael)

I raise this because the Minister of State, Deputy Peter Power, was only starting to reply yesterday evening and I am conscious that the Minister for Finance was not here. I would not have raised it again were it not for that circumstance. The Minister is about to respond.

How will NAMA deal with an incomplete estate or apartment block and will those residing in those developments be left in Limbo for many years? Second, how is it proposed to deal with a situation in which a vesting order is made and NAMA takes over the property as security but will be bound by the planning conditions which attach to the development not the developer? Many young people, married and single, who have purchased properties in these developments will be left in impossible circumstances for many years. That is the issue I raised yesterday evening.

Comments

No comments

Log in or join to post a public comment.