Results 1-20 of 39 for nama speaker:Willie Penrose

Local Authority Housing (17 May 2011)

Willie Penrose: Approximately 180 category 4 unfinished housing developments have been identified and we are exploring with NAMA how many are under its control. Two issues arise - loans and property. Loans are under NAMA's control. However, properties are under NAMA's control only when parties fail to agree a plan, as we have seen happen in recent weeks. NAMA is accelerating this process and we can work...

Written Answers — Local Authority Housing: Local Authority Housing (17 May 2011)

Willie Penrose: ...demand for social housing in the context of a severely restricted resource environment. There are clear linkages between the roles of my Department and the National Asset Management Agency (NAMA) in addressing these challenges and there is significant potential to align the objectives of the two organisations. My Department has been engaging with representatives of NAMA, and since coming...

Written Answers — Social and Affordable Housing: Social and Affordable Housing (16 Jun 2011)

Willie Penrose: ...demand for social housing in the context of a severely restricted resource environment. There are clear linkages between the roles of my Department and the National Asset Management Agency (NAMA) in addressing these challenges and there is significant potential to align the objectives of the two organisations. My Department has been engaging with representatives of NAMA, and since coming...

Written Answers — Social and Affordable Housing: Social and Affordable Housing (6 Apr 2011)

Willie Penrose: ...demand for social housing in the context of a severely restricted resource environment. There are clear linkages between the roles of my Department and the National Asset Management Agency (NAMA) in addressing these challenges and there is significant potential to align the objectives of the two organisations. My Department has already engaged with representatives of NAMA and I have also...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (7 Oct 2009)

Willie Penrose: ...has chosen to nationalise the losses but privatise profits. That is the clearest and most enduring difference between the proposals. The banking crisis which had led to the proposals for NAMA that we are now considering has produced several debased phrases to disguise or excuse those who are to blame for the crisis. We are told that "we are where we are", which implies that we should not...

Social and Affordable Housing (17 May 2011)

Willie Penrose: ...a return to large capital funded construction programmes by local authorities and, therefore, we must examine alternatives such as the build to lease or rental accommodation schemes, transfers from NAMA and so on. Delivery of social housing will be primarily facilitated through more flexible funding models. The social housing leasing initiative will be discussed with NAMA. I met NAMA...

Written Answers — Unfinished Housing Developments: Unfinished Housing Developments (23 Jun 2011)

Willie Penrose: ...for the Government's objective of sourcing and providing suitable residential units for use as social housing, to be aligned with the commercial objectives of the National Asset Management Agency (NAMA). My Department has been engaging with representatives of NAMA, and since coming into office I have also met with the Chairman and the CEO, to discuss options for securing a social dividend...

Mortgage Arrears: Motion (3 Nov 2009)

Willie Penrose: ...is once again raising its head. We will be in severe dereliction of duty if we do not address it. For this reason, the Government should embrace the motion before the House. During the debate on NAMA, I stated that it must definitively end the notion of housing as a speculative asset rather than a basic social need. This debased approach has left us with more than 50,000 people on the...

Local Authority Housing (17 May 2011)

Willie Penrose: ...Agency in addressing the challenges involved and there is significant potential to align the objectives of the two organisations. My Department has engaged extensively with representatives of NAMA and I have also met with the chairman and CEO of NAMA to discuss means of securing a social dividend through the acquisition of suitable residential units for social housing purposes, while...

Seanad: Unfinished Housing Developments: Statements (13 Jul 2011)

Willie Penrose: ...the local authorities have categorised all estates and of 655 estates with works to be completed, a total of 242 were in category four and are of most concern. Approximately 28 of these are within NAMA. This might not be a true reflection. The co-ordinating committee is made up of representatives of the local authorities, the county and city managers, the sustainable communities agency...

Local Authority Housing (17 May 2011)

Willie Penrose: I have met Mr. McDonagh and the chairperson and they know my views on the social dividend. However, if one reads the legislation carefully, one will see that the first priority of NAMA is to have a commercial remit, after which the social dividend comes.

Ghost Housing Estates (6 Apr 2011)

Willie Penrose: ...we might have reaped a social dividend, but it is slow. Perhaps Deputy Stanley will contact me directly in advance of next week setting out his proposals. I will pursue these issues with the NAMA representatives with a view to ensuring people get that to which they are legitimately entitled.

Ghost Housing Estates (6 Apr 2011)

Willie Penrose: ...to extract value from sites is something that will have to be pursued. Another possibility is finding alternative uses, such as converting them to community centres or health centres. I will meet NAMA representatives next week and will explore all these issues with them. NAMA's remit is primarily commercial but, where possible, I will examine whether there can be a social dividend for...

Social and Affordable Housing (16 Jun 2011)

Willie Penrose: ...the units will be ready for occupation immediately thereafter. However, if Deputy Ellis has specific information I would be willing to pursue the matter with the chief executive and chairperson of NAMA. My Department and, I am sure, the local authority considers it critical that the houses are allocated at the earliest opportunity.

Written Answers — Unfinished Housing Estates: Unfinished Housing Estates (13 Oct 2011)

Willie Penrose: ...of demolition is a serious step, particularly in light of housing demand and social housing need. Notwithstanding this, my Department is aware that debtors and financial institutions, including NAMA, are considering the best long term solutions for their sites and in some cases this may include the removal of partially constructed or vacant buildings. This is a matter for those...

Written Answers — Unfinished Housing Developments: Unfinished Housing Developments (21 Sep 2011)

Willie Penrose: ...problems associated with these developments. Any public funds expended under this provision should ultimately be recouped from the developer/receiver. Estates which fall under the direct control of NAMA, or receivers appointed by NAMA, are being managed by them and as a consequence do not fall within this scheme. The recent national survey of Unfinished Housing Developments identified 103...

Written Answers — Unfinished Housing Developments: Unfinished Housing Developments (2 Nov 2011)

Willie Penrose: ...problems associated with these developments. Any public funds expended under this provision should ultimately be recouped from the developer/receiver. Estates which fall under the direct control of NAMA, or receivers appointed by NAMA, are being managed by them and as a consequence do not fall within this scheme. The following table sets out details of the funding sought by Longford County...

Written Answers — Unfinished Housing Developments: Unfinished Housing Developments (20 Sep 2011)

Willie Penrose: ...associated with these developments. Any public funds expended under this provision should ultimately be recouped from the developer/receiver. Estates which fall under the direct control of NAMA, or receivers appointed by NAMA, are being managed by them and as a consequence do not fall within this scheme. The recent national survey of Unfinished Housing Developments has identified that...

Written Answers — Social and Affordable Housing: Social and Affordable Housing (6 Oct 2011)

Willie Penrose: ...or may be sold to sitting tenants. The first scheme of this nature, involving loan finance from the Housing Finance Agency being used by an approved housing body to purchase housing units from NAMA, was launched in July 2011. I expect this facility to be a critical source of new social housing provision in the years ahead. A range of other funding options remain under examination with a...

Local Authority Housing (17 May 2011)

Willie Penrose: ...objectives should be to maximise the delivery of social housing to cater for the greatest level of need while achieving good value. However, we cannot create a situation where every estate under NAMA's control will be taken for social housing purposes. That would be the wrong direction to take and I will not go down that road. Another consideration is that social housing must be well...