Dessie Ellis (Dublin North West, Sinn Fein)

The Minister has outlined some of the ways to deal with the issue. In the context of NAMA, existing housing stock owned by builders, in addition to properties lying idle could be purchased on a five-year basis. Some money could be paid upfront and the remainder in five years time. It would be a win-win situation if local authorities could get such housing stock as it would provide revenue to them and it would also create employment in the construction industry to clear the backlog of building work.

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