Paudie Coffey (Waterford, Fine Gael) | Oireachtas source

To be fair, had the cash-in-lieu arrangement not been put in place, we would today have 10,000 additional social housing units to provide for people. The putting in place of that provision was a bad mistake, as has been acknowledged by all.

On the Deputy's question regarding engagement by NAMA with other developers in the market, NAMA operates on a commercial basis. However, it will work with developers who have no current links with it to ensure that a broad array of Irish developers and contractors have every opportunity to contribute to the residential delivery programme in which NAMA is currently engaged. I hope I have clarified the position for the Deputy.

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