Results 3,501-3,520 of 28,162 for speaker:Catherine Murphy

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

Catherine Murphy: How many housing units were in those estates?

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

Catherine Murphy: Are they still in that condition?

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

Catherine Murphy: I just did the same calculation as An Cathaoirleach regarding the rents. Rents in Donegal vary from somewhere in the region of €1,000 to €1,5000 for a three-bed.

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

Catherine Murphy: Will Mr. McDonagh describe what a secured asset is?

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

Catherine Murphy: And if someone does not pay the mortgage, then what happens?

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

Catherine Murphy: It was not the tenants who had to be got out of the house in this case. I want to get the intimidation or the alleged intimidation clear in my head. Who was doing it? Was it the people who originally owned the asset that was secured against the loan? Was it the people who owned the loan? Who was doing?

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

Catherine Murphy: They were connected to each other.

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

Catherine Murphy: I am trying to make the connection between the apartment block in London and the debtors. There is something not-----

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

Catherine Murphy: Who was NAMA dealing with? Who came in to talk to NAMA?

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

Catherine Murphy: The assets-----

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

Catherine Murphy: That is incredible. I have seen a scenario in my constituency with a piece of land that was in NAMA for approximately ten years. It was zoned for housing and three schools. Mr. McDonagh knows where I am speaking about. Now it appears that planning permission has been secured for the housing element but this has to be delivered before we get the schools.

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

Catherine Murphy: It has been an impediment to delivering the three schools.

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

Catherine Murphy: Was the blockage in the Department of Education?

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

Catherine Murphy: The planning application is being made by a private entity.

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

Catherine Murphy: I am in an area where there is high growth, with 25,000 additional people between the census of 2016 and that of 2022. The criticism is that it is all housing with no vital services such as schools. I honestly do not know where children will be accommodated.

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

Catherine Murphy: Are there other scenarios such as this where the State will have an interest?

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

Catherine Murphy: What would be the impediment for these? The 8,000 units would be an awful lot in a housing crisis. What is the impediment?

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

Catherine Murphy: The land is not zoned.

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

Catherine Murphy: When the land was bought it had hope value rather than-----

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

Catherine Murphy: The value of that land when it was not zoned was substantially less than its value since it has been zoned.