Enda Kenny (Mayo, Fine Gael) | Oireachtas source

NAMA proposes to open 100 sites, most of which will be in Dublin, to provide a significant number of houses. It has always been the case that the State has had the option of taking elements from the NAMA portfolio. The national monument on Moore Street is now a State property and will be developed as a proper and fitting memorial to those who occupied the building after the Rising. Cerberus has been recommended as the preferred bidder for Project Arrow in an independent objective assessment.

The Government is responding to what is a very poor situation. For a number of years, there was no building at all and there were problems with planning and building regulations and in areas that had been rezoned to allow building to take place. This issue concerns eight or nine sectors, all of which have the intention of improving the quality and supply of accommodation. Tenants are under pressure because of a shortage of accommodation and, therefore, rent increases. The Government has put in place a variety of measures to attempt to deal with the issue. I would like to think we could do more quickly.

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