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Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: I thank the witnesses. One of Mr. McDonagh’s earlier points was on social housing. If I am correct, he said 926 social units had been provided. Will he indicate where they are located geographically?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: What stock level has NAMA behind this, or is that it?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: What reasons would the local authorities typically have given for not accepting units?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Yes. NAMA mentioned the hotel somewhere in south County Dublin. This was in the public arena from last week. Is the hotel to be transferred to Dublin City Council?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: As a matter of interest, has NAMA offered other similar facilities to the authorities?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Have they accepted them?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: I am really interested in emergency accommodation. Am I right is saying NAMA has previously offered hotels to the Dublin local authorities? Have they been refused?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Was it offered previously?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Is this the second time it has been offered?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Why was it refused the first time?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Now it is suitable.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: I am not having a go at Mr. McDonagh but trying to find out why a local authority facing a housing crisis would refuse accommodation.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Of the 5,500, roughly how many were located in the Dublin area?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: They refused.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Refused.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Therefore, 1,200 were refused.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Some 1,200 units offered by NAMA were refused by the Dublin local authorities, together with a hotel, which is again under consideration.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Has a price been agreed between NAMA and-----

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: How does that price compare with the original offer? Is it the same price?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

Patrick O'Donovan: Therefore, it is not years ago that it was offered.

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