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Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: I will listen.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: I did not ask Mr. McDonagh to answer on the spot. I do not know the details of this and it is not my way. I am asking general questions. I understood from Mr. McDonagh's reply to Deputy MacSharry that he was not aware and was going to go away and look. Maybe I misunderstood him. I am not talking about any extra piece of information. I am not privy to anything. I am talking about NAMA's...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: What specific aspect?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: Where did Mr. McDonagh become aware of that one specific-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: All right.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: On the issue of rent, the National Treasury Management Agency, NTMA, was before us, and NAMA is in the same building as the NTMA. Is that correct?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: Am I wrong in my memory that the agencies are paying €1 million per year for rent?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: NAMA pays €2.1 million rent per year?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: I move to the issue of social housing. I, like Deputy Cassells, sat on a city council for 17 years. We saw the housing crisis building up. There was a housing crisis well before 2014. In fact, it deepened in 2013 or 2014 when the housing assistance payment, HAP, became the only game in town. That has nothing to do with NAMA except the more rented buildings that it makes available, the...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: I come from Galway city and sat on the city council there. Galway has a bigger crisis than Dublin. According to the most recent census, 49.9% of Galway people rent. There are no properties available, there is no public housing and there is a massive waiting list. By any stretch of the imagination we have a major crisis. What was NAMA's engagement with Galway city and county? Were they...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: Did NAMA have houses in Galway city and county as one of the major centres of a crisis?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: What was the uptake from Galway City Council?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: I would like that information-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: -----for both local authorities.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: The papers say there was a general uptake of only 40%, across the board.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: I understand that. I would be very interested to know what the local authorities in Galway did, given the crisis.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: It might be a horror story.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
(20 Sep 2018)

Catherine Connolly: We have missed out another chapter which describes how the money became public debt.

Ceisteanna Eile - Other Questions: Dormant Accounts Fund (25 Sep 2018)

Catherine Connolly: 71. To ask the Minister for Rural and Community Development the details and progress of projects earmarked for Galway city and county under the Dormant Accounts Action Plan 2018; and if he will make a statement on the matter. [38597/18]

Ceisteanna Eile - Other Questions: Dormant Accounts Fund (25 Sep 2018)

Catherine Connolly: I have a specific question on the details and progress of projects earmarked for Galway city and county under the Dormant Accounts Action Plan 2018. I ask this with the background that a substantial amount of the dormant accounts has been underspent. It has not been spent, while community groups are crying out for money. I ask for this to be clarified in the first instance.

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