Results 1-20 of 124 for nama speaker:Richard Bruton

Land Development Agency Bill 2021: Second Stage (Resumed) (4 Mar 2021)

Richard Bruton: ...not happen overnight. It will be a question of a decade or more of development and we will have to be anticipating that by building land banks to meet that need. The LDA has adopted the National Asset Management Agency, NAMA, approach to compulsory purchase order. Normally, it should not have to rely upon compulsory purchase orders but as we go, we need to be satisfied that the NAMA...

Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation (30 May 2019)

Richard Bruton: The position is that it is only in the situation of a winding up of NAMA that resources become available. This is not a pot of money that is sitting there and which could be deployed. There will be plenty of opportunities to debate that issue. It is important to note that the Government has committed to a programme of investment of €120 billion in critical infrastructure in the next...

Written Answers — Department of Education and Skills: Schools Site Acquisitions (7 Feb 2018)

Richard Bruton: ...Kilkenny and Carlow Education and Training Board - Kells Site – site title rests with the Department of Education and Skills - Bray Site – construction works currently under a construction licence from NAMA. Full site title will automatically transfer to the Department of Education and Skills once the schools open. - Wexford site – site title rests with the Loreto...

Leaders' Questions (18 Jan 2018)

Richard Bruton: ..., Deputy Donohoe, announced in the budget a series of measures designed to support the private sector in getting to grips with building. These measures include using the experience and ability of NAMA and providing an additional fund of €750 million. In addition, there have been interventions to help individual families to get a deposit together so that young families can start to...

Written Answers — Department of Education and Skills: Site Acquisitions (23 May 2017)

Richard Bruton: ...and also substantial land holdings of other bodies within the area. It was noted that there was a very limited number of potential sites with the South Dublin City area. My Department also consulted with NAMA in relation to any potential site options available. It was in the context of such limited school site availability in south Dublin City that officials in my Department...

Leaders' Questions (16 Feb 2017)

Richard Bruton: I thank the Deputy for his question. I was in the House when we established NAMA. One of the aspects that we took considerable care in ensuring was that there could be no possibility of the Minister for Finance of the day interfering in NAMA's commercial activities. I was on the Opposition benches at the time and that was written into the law for good reason, namely, to ensure that NAMA...

Leaders' Questions (16 Feb 2017)

Richard Bruton: ...no question of the Minister having acted inappropriately. He met a former US Secretary of the Treasury who happened to be an employee of Cerberus. He had no hand, act or part in the decision of NAMA, which is established independently under statute to make decisions on its own. Its decisions and decision-making process are what are under scrutiny, as the Deputy rightly recognised. The...

Written Answers — Department of Education and Skills: Student Accommodation (16 Sep 2016)

Richard Bruton: ...impact. ISIF to continue to engage with Higher Education Institutions to develop financing solutions for on-campus accommodation and with private sector developers for potential off-campus investments. 9. Consult with NAMA, on a commercial basis, regarding the availability of suitable properties and land that could be used for student accommodation developments either by individual HEIs or...

Written Answers — Department of Jobs, Enterprise and Innovation: Housing Issues (3 Nov 2015)

Richard Bruton: ...Housing Strategy 2020 and the €2.9 billion in funding under the Government’s capital plan. In Budget 2016 investment in housing infrastructure was given priority with a total housing provision in 2016 of €923 million. NAMA is aiming to deliver a target of 20,000 residential units before the end of 2020 with 90 per cent of these units to be in the greater Dublin area....

Written Answers — Department of Jobs, Enterprise and Innovation: Private Rented Accommodation Costs and Controls (22 Oct 2015)

Richard Bruton: ...the €2.9 billion in funding under the Government’s capital plan. In Budget 2016 investment in housing infrastructure has again been given priority with a total housing provision in 2016 of €923 million. NAMA is aiming to deliver a target of 20,000 residential units before the end of 2020 with 90 per cent of these units to be in the greater Dublin area. The Budget...

Order of Business (23 Sep 2015)

Richard Bruton: ...Christmas. A number of initiatives have been put in place to stimulate housing. As the Deputy is aware, this includes the new fund to help construction of new houses, the increased activity of NAMA in this sphere and the restoration of voids in the city. Moreover, further initiatives are under consideration to improve housing supply-----

Order of Business (23 Sep 2015)

Richard Bruton: I have dealt with the issue of the legislation the Deputy is raising. However, I would point out that the Minister, Deputy Kelly, has introduced a significant investment in social housing. NAMA is now stepping up its activity in the housing area.

Leaders' Questions (7 Jul 2015)

Richard Bruton: ...House - often these banks had only a tiny proportion of the real value that was loaned in their books. That was the nature of the crash we experienced. There is no question that one can expect NAMA to realise the full book value of loans that were transferred to NAMA at a substantial haircut. I do not know what the haircut on individual loans was, nor is that a matter of public...

Leaders' Questions (7 Jul 2015)

Richard Bruton: I do not accept what the Deputy is saying. The Minister for Finance was informed that the board of NAMA had decided that the company that had this compliance problem should not participate. It was debarred. It was not the case, as Deputy Adams is trying to suggest to the House, that the Minister allowed this to go ahead despite such players being involved.

Leaders' Questions (7 Jul 2015)

Richard Bruton: ...fee, commission, or other remuneration or payment is payable to any current or former member of the board of the National Asset Management Agency, any current or former member of the executive of NAMA, or any current or former member of an advisory committee of NAMA in connection with any aspect of our participation in the Project Eagle sales process. They got a categorical confirmation...

Leaders' Questions (7 Jul 2015)

Richard Bruton: It is not the case, as Deputy Adams seeks to suggest, that NAMA, which is now proceeding to dispose of its assets, has been found wanting in this. NAMA conducted itself in a proper way. It was found to have dealt with this in a proper way. It is answerable to the PAC and is happy to go before the PAC on Thursday to account for its stewardship. That is how this matter should be dealt with....

Leaders' Questions (7 Jul 2015)

Richard Bruton: I thank the Deputy for his question. First, it is important to say that NAMA has a very clear public mandate to deliver best value and in that role it is very actively overseen by the Oireachtas. There is an embedded member of the Comptroller and Auditor General's office working with NAMA, it conducts regular audits and representatives come to the Committee of Public Accounts on a quarterly...

Leaders' Questions (7 Jul 2015)

Richard Bruton: It is important to point out to the Deputy that the fee arrangement to which he refers did not involve NAMA in any way.

Leaders' Questions (7 Jul 2015)

Richard Bruton: These fee arrangements were on the side of the buyer and not the seller of the loans. NAMA was not involved in any way and no payment was made by NAMA in any respect of these fees. That was not the case.

Leaders' Questions (7 Jul 2015)

Richard Bruton: The issue of how NAMA conducted its business is very clear. That has been overseen and supervised by the Committee of Public Accounts and the Comptroller and Auditor General has somebody embedded in NAMA. NAMA's board is appointed by the Oireachtas to get best value and to have this level of Oireachtas oversight. We have a unique level of Oireachtas oversight with respect to this body and...