Results 1-5 of 5 for mick wallace nama segment:6751746
- Other Questions: NAMA Operations (4 Apr 2017)
Mick Wallace: What kind of a society will we have when the Government of the day allows NAMA to sell housing to vulture funds for approximately half of their cost to build and there are more than 7,500 people homeless? Is there any chance that NAMA would play a stronger role? In any development that it is involved in, it is supposed to be delivering 10% social housing. Given that this is not enough,...
- Other Questions: NAMA Operations (4 Apr 2017)
Michael Noonan: I thank Deputy Catherine Connolly for tabling the question and Deputy Mick Wallace for acting as proxy and articulating the issue in the House. I am satisfied NAMA has made and continues to make a significant contribution to the social and economic development of the State. Its principal contribution to social and economic development has been the major progress that it has made in...
- Other Questions: NAMA Operations (4 Apr 2017)
Mick Wallace: Section 2(b)(viii) of the NAMA Act provides that NAMA should "contribute to the social and economic development of the State". At the housing committee, Frank Daly of NAMA stated that "the biggest social dividend we can deliver indirectly is to pay this back as quickly as we can". He was speaking of the debt, much as the Minister was now. If NAMA returned what it called a profit of...
- Other Questions: NAMA Operations (4 Apr 2017)
Mick Wallace: With the NAMA price, a huge profit is built in.
- Other Questions: NAMA Operations (4 Apr 2017)
Mick Wallace: I do not think many people in the country would agree with the Minister. Speaking of a social dividend, when Dublin GAA failed to get the Spawell complex from NAMA, the CEO, John Costello, stated, "When the legislation went through the Dáil at committee stage the community development provision was added but I can't find any example of this being taken into account." We understand the...