Dessie Ellis (Dublin North West, Sinn Fein) | Oireachtas source

The year 2012 was probably the worst on record for house building. It is disappointing that we have not made more progress. I accept there are problems in terms of the legalities and I hope the special purpose vehicle will address most such issues. I am interested in learning more about what is entailed in the leasing agreement. To date, leasing agreements are being entered into for a period of 20 years to 25 years with voluntary housing groups and then there is a possibility that the properties would return to the owners. That is unacceptable. They should belong to the State. NAMA is a State company and such units should be in State control. I cannot envisage any circumstances in which they should return to a developer in NAMA.

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