Results 221-240 of 280 for mick wallace nama

Aer Lingus Share Disposal: Motion (Resumed) (27 May 2015)

Mick Wallace: ...in the House on several occasions is the houses, apartments and sites being bought by American investment funds. They are not even selling them on. Many of the developments were brought into NAMA at fire sale prices. It has sold them on and made a fortune in the process but, very often, it is one investor selling to another, and the taxpayer has been the loser on each occasion. Those...

Freedom of Information Act 2014: Motions (2 Apr 2015)

Mick Wallace: ...of a recent UN report on compliance with the International Covenant on Civil and Political Rights. The Office of the Director of Public Prosecutions acts as a secret society. The National Asset Management Agency, NAMA, and the National Treasury Management Agency, NTMA, are inaccessible. The Irish Bank Resolution Corporation acts in the shadows. The motion before us is simply more of...

Topical Issue Matters (17 Dec 2014)

Seán Barrett: ...replacement at CBS Ennistymon, Ennistymon, County Clare; (6) Deputy Joe Costello - the need to implement the design manual for urban roads and streets in Phibsboro, Dublin 7; (7) Deputy Michael McNamara - the enforcement of the prohibition on the use of Irish airspace, airports and related facilities for purposes not in line with the dictates of international law; (8) Deputy Fergus...

Other Questions: Rent Supplement Scheme Administration (10 Dec 2014)

Mick Wallace: ...rental market. Given that the Government intends to be dependent on this going forward, it has to address the problem that much of the rental market is now controlled by a small number of players because NAMA and the banks have sold many of the apartments that are up for rent to investors, many from outside the country. The truth of the matter is that, unless the Government actively...

Topical Issue Debate: Homeless Accommodation Provision (2 Dec 2014)

Mick Wallace: ...the residential property market into a system to meet housing needs.Rent supplements were capped but rents were not, and never the twain shall meet. The system does not work. We were told NAMA was to have a mandate to contribute to the social and economic development of the State, but that has not happened. It has not contributed to the public good, despite the significant potential it...

Other Questions: Rent Supplement Scheme Administration (4 Nov 2014)

Mick Wallace: .... We must deal with the people who are most vulnerable, given that this is supposed to be the Department's priority. Why does the Minister of State not have a chat with the Minister for Finance? NAMA was set up in order that we would not flood the market with too many properties too soon that would be sold too cheaply, but that is exactly what has happened. Big blocks of houses and...

Leaders' Questions (16 Oct 2014) See 1 other result from this debate

Mick Wallace: ...a housing strategy that it reads "Spatial Justice and the Irish Crisis" by Gerry Kearns of NUI Maynooth and his colleagues. They point out that what has added to our problems is the way in which NAMA and the banks have behaved by throwing large quantities of stock onto the market to be bought by investment funds for half their value. That is what has happened.

Financial Resolutions 2015 - Budget Statement 2015 (14 Oct 2014)

Mick Wallace: ..., the private consulting groups who received hundreds of millions of euro in fees from this Government and the private businesses which filled the void in the public services. Why is IBRC and NAMA going about their work in such secrecy? Given that they are working with public funds, why is the public not allowed to see what they are doing? Assets have been sold for a fraction of their...

Housing Provision: Motion (Resumed) [Private Members] (24 Sep 2014)

Mick Wallace: ...to the overpricing of houses than anything else. It is usually in the hands of very few people. We will see this over the coming years because much development land and idle sites were sold by NAMA and the banks in big parcels to very small numbers of people and too few people will control it and there will be a cartel once again.

Topical Issue Matters (10 Jun 2014)

Michael Kitt: ...for registration on the supplementary voter register and the postal vote register; (5) Deputy Dessie Ellis - the refusal by some local authorities of properties proposed for social housing by NAMA on the basis social mix standards; (6) Deputy Peadar Tóibín - the position in respect of the Bausch & Lomb factory in Waterford city; (7) Deputy Aodhán Ó...

Topical Issue Matters (5 Jun 2014)

Seán Barrett: ...; (10) Deputy Seán Crowe - the reduction in places on the VTOS programme in St. Dominic's, Tallaght, County Dublin; (11) Deputy Dessie Ellis - to discuss the refusal by some local authorities of properties proposed for social housing by NAMA on the basis social mix standards; (12) Deputy Mattie McGrath - the need to discuss urgent exemptions from water charges for the people of...

Topical Issue Matters (4 Jun 2014)

Michael Kitt: I wish to advise the House of the following matters in respect of which notice has been given under Standing Order 27A and the name of the Member in each case: (1) Deputy Mick Wallace - the ongoing crisis in Libya; (2) Deputy Éamon Ó Cuív - an tuarascáil a foilsíodh maidir leis an seirbhís PSO go na hOileáin Árann; the report published on the PSO...

Other Questions: Mortgage Schemes (27 May 2014)

Mick Wallace: ...here control most of the development land. Surely the time has come for the State to take an active part in controlling the price of development land. In his response to Deputy McGrath's question on NAMA and bank sell-offs, the Minister said there was good money coming into the country. I suggest to him that the selling off of big blocks at a price of €100,000 or less per unit...

Housing (Miscellaneous Provisions) Bill 2014: Second Stage (Resumed) (14 May 2014)

Mick Wallace: ...profit. That is the way the system works. As they can control the supply of land, they can control the price of housing. Currently, agencies like the banks, some of which we practically own, and NAMA are selling large blocks of units to investors with the result that the investor has never owned as many units in this country. These properties are selling for a fraction of what they are...

Topical Issue Matters (6 Mar 2014)

Seán Barrett: ...passing of the anti-gay Bill into law in Uganda; (12) Deputy Clare Daly - the need to discuss allegations that Travellers, including children, are being entered onto the PULSE criminal database system; (13) Deputy Mick Wallace - the need for an inquiry into allegations of racial profiling within An Garda Síochána; (14) Deputy Brendan Smith - the need to raise immigration reform...

Other Questions: Real Estate Investment Trusts (16 Jan 2014) See 2 other results from this debate

Mick Wallace: The Minister says that the amount of property held by REITs around the world tends to be small. However, given that such a bank of property is going to flood our market from NAMA and the banks in the next few years, that will probably not remain so here. The rationale behind REITs is to allow people to invest in property without having to manage it themselves. It is a stockmarket version...

Topical Issue Matters (5 Dec 2013)

Bernard Durkan: ...-medium education throughout the country; (7) Deputy Catherine Byrne - the need to provide additional funding for Dublin City Council for the refurbishment of old council properties; (8) Deputy Michael McNamara - the destruction of waste chemicals in Shannon; (9) Deputy Patrick Nulty - the need to restore the Christmas bonus for carers, pensioners and those on long-term social welfare...

Other Questions: Homeless Accommodation Provision (5 Dec 2013)

Mick Wallace: ...on the market in the near future because many of them have not even been started and there is not yet an appetite among the developers to build much, so this problem will increase. With regard to NAMA, the Minister referred to the 4,000 units that were originally ear-marked. This is a body that has been in place for a few years. Does he agree that the lack of transparency in how NAMA...

Other Questions: NAMA Property Rental (20 Nov 2013) See 1 other result from this debate

Mick Wallace: When NAMA was set up originally, the idea was that it would hold many of these properties-----

Mortgage Restructuring Arrangement Bill 2013: Second Stage (Resumed) [Private Members] (2 Oct 2013)

Mick Wallace: ...allowed to go broke, but only on condition that they then look after everyone else who is in trouble. Some might say that is very idealistic, but I do not think it is quite so mad. I note that NAMA boasted last week that it got the full 60% back from a builder. The builder in question owed the State banks €1.5 billion. NAMA bought that debt at 60%, equating to approximately...