Results 5,081-5,100 of 20,400 for speaker:Brian Stanley

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Has Mr. McDonagh any notion of the average price per unit?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Would they cost €400,000 each?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: That would be the cost for a one-bedroom unit.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: In respect of the Docklands strategic development zone, what was the total return on NAMA's investment?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: A housing target of 20,000 was set for the period 2015 to 2020. NAMA obviously did not meet that target. It delivered 11,049 units, which is just over 55% of the total. What was the main reason the agency did not hit that target or come closer to hitting it?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: What percentage of those approximately 11,000 units were bought by investment funds? Were some of them sold on the open market to try to give Joe and Mary, an average couple, the chance to buy a home?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Were they?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: When he says "the majority", does Mr. McDonagh mean 70% or 80%?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: The land NAMA sold had the potential for 86,000 units. How many units have so far been built on that land? There have been reports that the relevant figure is in the region of 12,000 or 13,000.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Approximately 20,000 units have been built on those lands. In respect of the land that has not been built on, has some of it been sold to or acquired by property investors or speculators?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: I am asking about the basic land.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Are people sitting on land? Would it have been better for NAMA to sit tight for a little while longer and get better use of that land?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Some of it was and some of it was not.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Are investors sitting on some sizeable tracts of land?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: In respect of that land, would it not have better to have sat tight to ensure they would be used for housing developments?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: I know that. I am sure the Minister would have been open to listening to NAMA about trying to get a better return on the lands.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Were they piling on the pressure on NAMA to offload those lands?

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: That is what I am asking. Perhaps the Government should have been better at knowing when to hold them and knowing when to show them.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: That is my point.

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: Turning to social housing and the numbers delivered in this regard, many of them offered to the local authorities. As Mr. McDonagh correctly said, they were in the wrong place and at the wrong time and some required high maintenance. They would not have been a good investment for the local authority. It would have been better to build units or to buy turnkey units elsewhere. I understand...