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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: One of the previous speakers was very anxious to draw the distinction between developers and builders and putting funds in place for the construction industry to meet national policy objectives. In a way, the debate must move on from this demonisation of developers. With all due respect to NAMA, receivers, liquidators, accountants, solicitors or barristers, none of them has built houses at...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Is that considered competitive in the context of funding that would be available in the market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Why are we not seeing much more housing construction activity from developers in a position to access NAMA funding or funding from the market?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: The witness referenced the sale of a loan book on foot of Deputy Mulherin's questioning, and the advice on the sale of the loan book was that NAMA should not accept the conditionality of the highest bid. Was the conditionality really a question of additional time to complete the process or was it conditionality of a different sort?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Was that at a particular time? Would it have had it in a month, six weeks or two months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Surely, in the interests of the taxpayer, there should be flexibility. If somebody is offering a premium on top of the price NAMA would eventually take, even if it takes six weeks or two months to close the deal, would such conditionality be worth abiding by in the interests of the taxpayer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: I have another brief question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: I must express concern about the proposed funding being put in place. As somebody from outside the Pale, I worry that there is an excessive concentration of scarce resources in the greater Dublin area, notwithstanding that NAMA has a broad base of assets around the country, where there are similar problems in the housing market. There are also issues for inward and industrial investment...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Surely NAMA must be proactive in managing a portfolio. It has a portfolio of lands on which it could build office blocks and housing in Cork.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Why not put some of its funding into that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: The-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: Is NAMA being sued by the aggrieved party that wanted to purchase the loan?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael Creed: I want to raise a number of points in sequence with the NAMA representatives, and I thank them for attending and for their contributions. The point raised by Deputy Donnelly goes to the core of the issue of evaluating performance in the interests of the taxpayer: is NAMA achieving a profit from the asset disposals? It may be wrong to say the representatives did not have this information at...

Written Answers — Department of Agriculture, Food and the Marine: Milk Quota (22 Oct 2014)

Michael Creed: 95. To ask the Minister for Agriculture, Food and the Marine when decisions are expected with regard to allocations from the milk quota appeals tribunal; if he will confirm receipt of an application in respect of a person (details supplied) in County Cork; if in view of the circumstances outlined therein he will make an allocation to this person; and if he will make a statement on the matter....

Written Answers — Department of Education and Skills: Pupil-Teacher Ratio (22 Oct 2014)

Michael Creed: 160. To ask the Minister for Education and Skills the consideration she has given to implementing a reduction on the pupil teacher ratio for junior, senior and first classes within the existing allocation of teachers; and if she will make a statement on the matter. [40486/14]

Written Answers — Department of Education and Skills: School Accommodation (22 Oct 2014)

Michael Creed: 161. To ask the Minister for Education and Skills if her Department has received an application for additional classroom accommodation from a primary school (details supplied) in County Cork; if, in view of the developing school status and the tight timelines involved, if she will expedite an approval to this request; and if she will make a statement on the matter. [40487/14]

Written Answers — Department of Environment, Community and Local Government: Irish Water Remit (22 Oct 2014)

Michael Creed: 201. To ask the Minister for Environment, Community and Local Government if he will clarify the situation with regard to estates which have not been taken over by the local authority and specifically therein the entitlement of Irish Water to charge for water and discharge to a public sewer in circumstances where the discharge is to a private treatment plant owned and operated currently by the...

Written Answers — Department of Social Protection: Departmental Staff Retirements (21 Oct 2014)

Michael Creed: 147. To ask the Minister for Social Protection to set out the circumstances under which staff in her Department are entitled to retire on enhanced retirement packages; the number of staff from her Department who retired each year since 2010; the number of these staff in each year who received enhanced retirement packages; and if she will make a statement on the matter. [39997/14]

Written Answers — Department of Agriculture, Food and the Marine: Single Payment Scheme Payments (21 Oct 2014)

Michael Creed: 285. To ask the Minister for Agriculture, Food and the Marine the reason a person (details supplied) in County Cork has not yet been paid their 2014 disadvantaged areas payment; and the circumstances giving rise to a reduction in all single farm payments in 2014; and if he will make a statement on the matter. [40062/14]

Written Answers — Department of Justice and Equality: Visa Applications (21 Oct 2014)

Michael Creed: 339. To ask the Minister for Justice and Equality in view of the protracted nature of the process for determining eligibility for a visitor visa if she will give consideration to a process of fast tracking second and subsequent visa applications for elderly relatives of persons legally resident here who have previously been approved for visas and who have complied with the terms of those...

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