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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)

Bobby Aylward: I might be asking some questions that were already asked, I was not able to be here before as I had two other meetings. I apologise if my questions cross over.

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)

Bobby Aylward: When NAMA was asked by the Government to get involved in housing and to provide land, where did NAMA envisage its role in the provision of social, affordable and private housing? Had NAMA earmarked land for social, affordable and private housing where a profit might be made? Did NAMA conduct an analysis on how much land should be for social, affordable housing and private housing or did...

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)

Bobby Aylward: Ten units is only 10% of 100.

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)

Bobby Aylward: Does the same apply to the affordable housing bracket? I mean houses valued at €180,000, which means I am talking about prices for houses in country areas and not in the Dublin region.

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)

Bobby Aylward: Did NAMA emphasise that they should be-----

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)

Bobby Aylward: I am talking about instances where there is no limit. Did NAMA tell people to set aside 15% of the land to affordable houses and then cater for bigger houses? Did NAMA consider doing so?

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)

Bobby Aylward: We need affordable houses.

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)

Bobby Aylward: To me, it is the price that people can afford and are willing to pay.

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)

Bobby Aylward: Under Part V.

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)

Bobby Aylward: Politically, we should go down that road because that is the only way we will solve this major problem but I realise that is not NAMA's problem. NAMA will be wound up in 2020. Would NAMA, if it were to get another role, continue on? We have a housing crisis. Do the witnesses see themselves playing a further role, if the Government has the will to do so, to continue for another five to...

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)

Bobby Aylward: Some of my colleagues looked at me when I asked my question.

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)

Bobby Aylward: I have a general question on the land portfolio and housing. What percentage of the land portfolio has been used over the past two years since NAMA got involved? How much of the land portfolio did NAMA envisage it would sell for housing at the very beginning? Earlier, one of my colleagues here mentioned local authorities did not take up land in places where they should have done so. How...

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)

Bobby Aylward: Why did NAMA reduce that number to 42,000?

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)

Bobby Aylward: Is NAMA's target of 20,000 units by 2020 still achievable?

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)

Bobby Aylward: Can NAMA exceed its target?

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)

Bobby Aylward: If NAMA reaches its target of 20,000 units will it have land available for more units, perhaps 20,000 more ?

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)

Bobby Aylward: That leads to my next question. In 2020, if NAMA is wound up and it has still this portfolio of land, property or whatever, where will this property and land portfolio go then? Who will take over then?

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)

Bobby Aylward: Set up another new body?

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)

Bobby Aylward: It is not making a big dent on the problem we have out there though.

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)

Bobby Aylward: Lastly, I will ask NAMA about the Twenty-six Counties. I note where NAMA has no land in 12 counties. In my constituency, it has land in Kilkenny but in not in Carlow. Why so? Has NAMA no property or land in any of those 12 counties or are they merely being excluded?

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