Dáil debates

Wednesday, 30 September 2015

12:15 pm

Photo of Ruth CoppingerRuth Coppinger (Dublin West, Socialist Party) | Oireachtas source

-----he should sack the managers of those authorities. He knows that is not true. If any councils had the funding to build social houses - which they have done before - they would do it.

The Taoiseach says that NAMA's remit is to return money to the taxpayer. It is not - NAMA's remit is to return money to the banks. While it expects to recoup €1 billion for the taxpayer, it will give €12 billion back to the banks at the same time. What the Government does have from NAMA, though, is a €3 billion fund for development. I understand it will be invested in the docklands. That €3 billion should be used to build social and affordable housing.

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