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Leaders' Questions (19 Jan 2016): Mick Wallace: ...It has been an unmitigated disaster all the way through. It has actually got worse instead of better. I have asked the Taoiseach several times why he will not put 10,000 of the 20,000 units that NAMA wants to build into local authority social housing to be run by the local authorities. The Taoiseach says that everything is about supply. We could have an extra 100,000 houses in...
Leaders' Questions (19 Jan 2016): Mick Wallace: NAMA admitted that it is obliged to sell on the basis that they are commercial ventures designed to maximise the return to the Irish taxpayer on NAMA's secured assets. This will not deal with the housing crisis, however.
Leaders' Questions (19 Jan 2016): Mick Wallace: ...but he could have provided them in five years. He had five years to do it but he has not done so. The Taoiseach is talking about local authorities that did not take up units offered to them by NAMA. Has it dawned on him that those units were the most unsuitable on the island of Ireland?
Leaders' Questions (19 Jan 2016): Mick Wallace: The attractive units that should have been going to social housing were sold to US investment funds at half the price it cost to build them. Why did this Government allow NAMA to sell units for half the price it cost to build them? That does not make any sense to me. One may ask how does one know the price of this or that but there is a value on everything.
Leaders' Questions (19 Jan 2016): Mick Wallace: The value is the cost of putting it there on a given day. NAMA has on a regular basis sold stuff for half the price it cost to build it. US investment funds-----
Leaders' Questions (19 Jan 2016): Mick Wallace: Can the Taoiseach explain why NAMA chose to sell stock of residential units for half what it cost to build them? The Taoiseach said he could not have produced units overnight. He could not have done so but he could have produced them over five years. These were units that were built ready to use. He was able to take Westport House out of NAMA. People were able to buy their way out of...

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