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Public Accounts Committee: 2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
(17 Nov 2022) See 5 other results from this debate

...Central Bank profits, offset by borrowing costs and other expenses. At end 2021, the State expected to recover some further value from its remaining ownership of shareholdings in some of the banks, and some further surplus funds from the National Asset Management Agency, NAMA. Taking all the cash flows into account, the examination estimated that at the end of 2021 the net cost to the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Richard Boyd Barrett: ...the provision of social housing to these entities. That was the thinking. We were not to build our own social housing but get these professional investors in who would take control of the NAMA portfolio, build all these apartments and lease them back to the State to create a professional rental sector which would replace the old-fashioned construction of social housing with HAP, RAS and...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (10 Nov 2022) See 3 other results from this debate

Richard Boyd Barrett: ...possibly more, because many of the residential developments - estates or multiunit complexes - that are likely to be or known to be affected by these building defects may have been handed over to NAMA, which is a creature of the Department of Finance. Carrickmines Green is one such example of that. Indeed I have submitted questions to the Minister on it and I have raised the issue in...

Committee on Budgetary Oversight: Report of the Commission on Taxation and Welfare: Discussion (9 Nov 2022)

...last commission was a windfall gain tax of 80% on the rezoning of property. If I remember correctly, the Green Party required it to come in as part of agreeing to the National Asset Management Agency, NAMA, at the time.

Written Answers — Department of Finance: Ukraine War (8 Nov 2022)

Paschal Donohoe: ...: - Government Buildings, Merrion Street, Dublin 2 - 14-16 Merrion Street, Dublin 2 - 1stFloor, Miesian Plaza, Baggot Street, Dublin 2. As the deputy will be aware, the National Asset Management Agency (NAMA) does not generally own properties, rather NAMA acquired loans for which the properties act as security. Secured properties remain in the ownership and control of their registered...

Written Answers — Department of Finance: National Asset Management Agency (8 Nov 2022) See 1 other result from this answer

David Cullinane: 250. To ask the Minister for Finance his views on a matter raised in correspondence (details supplied) regarding apartments held by NAMA in need of remediation; if he will seek an explanation from NAMA; and if he will make a statement on the matter. [54258/22]

Residential Tenancies (Deferment of Termination Dates of Certain Tenancies) Bill 2022: Second Stage (26 Oct 2022) See 1 other result from this debate

Verona Murphy: People's expectation to own their own home is now for many only a pipe dream. Why is that, if the economy was never stronger and employment levels are so high? NAMA is part of the answer. It was initially sold to the public as a system that would save the housing market by warehousing loans, but instead this changed midstream and those loans were sold to vulture funds, resulting in the...

Finance Bill 2022: Second Stage (25 Oct 2022)

Richard Boyd Barrett: ...but not well enough, it seems, because he now wants to cash in on the increased value of property. As property prices go through the roof, is there a windfall tax, that is, an increased capital gains tax, for all those who bought property from the National Asset Management Agency, NAMA, at the bottom of the market, the sorts of people who are trying to cash in on the extortionate value of...

Regulation of Lobbying (Amendment) Bill 2022: Second Stage (Resumed) (20 Oct 2022)

Paul Murphy: ...lobbying organisations. The same thing applies with civil servants. There was a recent article on this recently in the Irish Independent. I will not name the people but 11 key officials who left NAMA went with their contacts and phone numbers into private real estate work or related firms. None of that is deemed to be corrupt. None of it would breach the Lobbying Act, either as it is...

Ceisteanna - Questions: Economic Policy (18 Oct 2022)

Richard Boyd Barrett: ...are coming on stream so that we can get more than 10% for social and affordable housing as well as purchase sites, which should never have been sold off by the National Asset Management Agency, NAMA, for the delivery of social and affordable housing, given that the Government's Housing for All targets are failing catastrophically. Will the protections for tenants generally apply to those...

An tOrd Gnó - Order of Business (18 Oct 2022)

Ivana Bacik: I wish to raise the plight of householders in the Carrickmines multi-unit development in south County Dublin. As we know, after the financial crash the National Asset Management Agency, NAMA, took over the estate and became the developer through its appointed receiver. A range of defects became apparent in the development and while some remedial works were carried out, in 2017 the owners'...

Written Answers — Department of Finance: Defective Building Materials (18 Oct 2022) See 1 other result from this answer

Richard Boyd Barrett: 262. To ask the Minister for Finance if he will instruct NAMA to urgently pay for the remediation costs of the building defects leading to fire safety and water ingress issues at a location (details supplied); if he will ask NAMA for an explanation as to the reason that it has not done this to date when receivers controlled by NAMA in the neighbouring estate reportedly carried out similar...

An tOrd Gnó - Order of Business (11 Oct 2022) See 1 other result from this debate

Richard Boyd Barrett: ...issues, water ingress and so on. There is one particular case that I would like the Taoiseach to look into, namely, that relating to Carrickmines Green. The National Asset Management Agency, NAMA, is control of that estate and is refusing to remedy building defects, even though it has done so elsewhere. I am told by residents that NAMA has sold units to people who do not know that there...

Written Answers — Department of Finance: State Properties (11 Oct 2022)

Paschal Donohoe: I wish to highlight that, as Minister for Finance, I have no role in respect of NAMA’s commercial operations. The Deputy will be aware that NAMA does not directly own or sell properties, accordingly NAMA does not and did not own apartments at the referenced property. The apartments in which NAMA had an interest were owned by a private entity, held as security by NAMA, and controlled...

Written Answers — Department of Finance: Departmental Properties (11 Oct 2022)

Paschal Donohoe: ...and expressing breast milk in Treasury Dock. The NTMA assigns staff to three further bodies under the remit of my Department, namely Home Building Finance Ireland (HBFI), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI). The NTMA, HBFI, NAMA and SBCI operate out of the Treasury Dock building. The Office of the Comptroller and Auditor...

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (28 Sep 2022)

Darragh O'Brien: ...of Ronan Group Real Estate, Oaktree Capital Management, and Lioncor Developments (“the Consortium”) acquired a controlling 80% shareholding in the company which owns the glass bottle site. NAMA maintains a 20% minority interest. The development of the site will be undertaken by the Consortium. A condition of the planning scheme, as modified by An Bord Pleanála...

Seanad: An tOrd Gnó - Order of Business (27 Sep 2022)

Marie Sherlock: ...Arts Council, local authorities, Creative Ireland and all the other organisations. I was in D-Light Studios in Dublin 1. For once, it is a good news story. It was a studio that ended up being in NAMA and Dublin City Council bought the building. It goes to show what can be done to save studios. The Leader has heard me speaking previously about the hollowing out of arts spaces across...

Saincheisteanna Tráthúla - Topical Issue Debate: Departmental Schemes (22 Sep 2022)

Eoin Ó Broin: ...beside them. Homeowners do not understand why individuals or companies who in the past were responsible for defects get significant support, planning permission, State aid and support from NAMA to build homes and make enormous profits. Michael Stanley of Cairn Homes is a case in point. I welcome that in reply to a parliamentary question in July, the Minister for Finance, Deputy...

Public Accounts Committee: Business of Committee (15 Sep 2022) See 1 other result from this debate

Catherine Murphy: Okay. We can pursue that beyond there. On No. 23, NAMA, and the settlement with the Revenue, withholding tax is always an item that jumps out at me because of the particular entities involved. Again, that should be something we pursue with them. This arose also between 2013 and 2016. When they are in before the committee we should make a note to have a discussion with them about that....

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022) See 2 other results from this debate

Mattie McGrath: ...times. I suppose I will not be forgiven by people. I will not forgive myself, because it was a con job. Reckless behaviour went on, and unfortunately, it is still going on. On the night that NAMA was set up, I said that it was like a wild animal released in the woods. Nobody had any idea where it would end up. I am not saying that I am a prophet, but my God, how right I was, when we...

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