Jan O'Sullivan (Limerick City, Labour)

This is essentially about providing homes for families who need them. NAMA has been given a job by the State to get the best possible value for taxpayers' money with regard to the properties that have come under its remit. It has a social element and this is in the legislation. It is in accordance with this element that houses are being sought for those in need of them around the country. The State is ensuring this will be done in a way that represents value for money and which provides good homes for the people who need them. This work is ongoing.

Under the legislation, NAMA must operate in a way that provides some return to the taxpayer. Ultimately, the taxpayer must be protected. I am very happy as Minister of State responsible for housing to stand over what we are doing in this regard. The people who will ultimately be accommodated because of this will also be very happy.

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