Results 4,741-4,760 of 20,054 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: 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...

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

Brian Stanley: Earlier, Mr. McDonagh mentioned, which I was happy to hear, that NAMA has a commitment to try to use the remaining assets, insofar as possible, with the tools available to it for social housing. What is the potential in this regard? I believe in a healthy mix. We have spoken a great deal about the commercial units in the ten minutes, but we need social housing as well.

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

Brian Stanley: I understand that.

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

Brian Stanley: It is hoped, therefore, that on this land there will be 1,800 more social houses to come.

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

Brian Stanley: Regarding leasing units, is NAMA leasing out units to local authorities now? There was some of this happening.

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

Brian Stanley: NARPS is the mechanism used.

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

Brian Stanley: Do the approved housing bodies have first call on the purchase of social housing units below the market value? I am not arguing against this, by the way.