Results 5,981-6,000 of 10,573 for speaker:Patrick O'Donovan

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Did the receiver assess this building, and all of the others, to determine whether they were in compliance with the building regulations?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Has NAMA a role now-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: -----in resolving this issue for the people who are living in a fire trap?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: The people who are at the centre of this were on the news last night. They have to rear their families and live in this development. They bought the properties in good faith. This wound up, along with everything else, almost pulling down the country. It is a symptom of everything that was rotten in this country. They are stuck in the middle of it. A receiver was appointed. It appears...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: How big a problem is this in respect of the other assets of this debtor? Obviously, NAMA has wound up with other blocks of apartments from the same debtor.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Has NAMA assessed those on the basis of what the fire services have said?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Are there other problems out there?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: From this particular debtor.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: There is another major block. Is that correct?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: There is a reason I am asking this. The NAMA annual report cites a number of development sites in Dublin along by the docklands which the agency hopes to develop for badly needed units, offices, commercial units, houses, apartments and so on. Let us cut to the chase. Will we wind up with a situation involving people who have resurrected themselves and entered a process where they could...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: When Mr. McDonagh was before the committee in July I asked a question on the role of NAMA in housing. At the time, Mr. McDonagh said a local authority in Dublin had refused an offer of properties to try to alleviate in some way the housing crisis it was facing. As I remember it, South Dublin County Council had refused an offer. Does Mr. McDonagh have any further information on the take-up...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Let us focus on the Dublin region.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: The council has refused over 500 units. Is that correct?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Again, that is less than 50%.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Are these completed units, in general?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: NAMA was prepared to make these units liveable and the four local authorities in Dublin have refused over 50% of the offers. Is that correct?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Do they give NAMA any reasons for refusing them?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: How could it be in the wrong location in Dublin?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: What is happening with those 4,000 units?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

Patrick O'Donovan: Can Mr. McDonagh give an indication of what percentage of those 4,000 units are in the buy-to-let category and how many are owner occupied?