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Written Answers — Department of Finance: NAMA Legal Fees (15 Jan 2014)

Dara Calleary: ...Finance the number of legal cases in which National Assets Management Agency has been involved in since its inception; the number of legal cases it is involved with at present; the number of cases NAMA has instigated; the number in which it is a defendant; the amount NAMA has spent on legal fees since its inception, broken down by year; the legal firms it has paid broken down by year; and...

National Asset Management Agency: Motion (Resumed) [Private Members] (21 Oct 2015)

Dara Calleary: ...very good employees; the best in the world. However, when companies such as this use it in this manner, it explains why we must defend our regime all over the world and why the State is getting such a bad reputation. NAMA initially identified 6,500 properties in its portfolio that it believed would be suitable for social housing and it engaged with the various local authorities. At...

Loan Guarantee Scheme: Motion (Resumed). (20 Oct 2010)

Dara Calleary: ...process, banks have begun to retrain their staff in the basic skills of lending, as a number of Deputies have mentioned this evening, and this process should be accelerated. The purpose of NAMA is to remove uncertainty about the banks' balance sheets, clean them up and provide them with an ability to access liquidity, thereby facilitating the availability of credit to the real economy. To...

Topical Issue Debate: Upward-Only Rent Reviews (26 Mar 2013)

Dara Calleary: The judgment yesterday gives us the opportunity to discuss this matter today. I must clarify for Deputy McNamara that I did not make a direct link. Unfortunately, the Minister did not get a chance to address the work of NAMA. Can it be confirmed that any NAMA rent deal will be entered into the new property leases database? Will the Minister give us an idea as to when that database will be...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (17 Sep 2009)

Dara Calleary: ...a functioning banking system within seven weeks, which is what Deputy Lee has been promising. We have a chance to lead the debate in this House. While we are not saying it is perfect, through NAMA we have a chance to complete the work that was started with the guarantee by sharing ideas and making suggestions. I would love to see a response to the Minister's letter to leaders of the...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (17 Sep 2009)

Dara Calleary: NAMA is certainly not a get-out clause and I welcome Deputy Simon Coveney's remarks that he saw it as not being a get-out clause for the developers and those that fate has thrown around. Loans will be followed up. Those who have the loans will still be followed up in the same fashion as they were previously. While NAMA will ultimately solve the fiduciary and monetary issues facing our...

Written Answers — Legislative Programme: Legislative Programme (23 Mar 2011)

Dara Calleary: Question 40: To ask the Minister for Finance the Government's policy is on the NAMA (Amendment) Bill 2010. [5419/11]

Written Answers — Department of Finance: NAMA Operations (4 Apr 2017)

Dara Calleary: 208. To ask the Minister for Finance the total expected profits arising from NAMA by the time it winds up; if the proceeds will be used to repay the national debt; his other plans for the use of the profits; and if he will make a statement on the matter. [16573/17]

Written Answers — Department of Finance: NAMA Portfolio Value (27 Mar 2018)

Dara Calleary: 73. To ask the Minister for Finance the fiscal rules surrounding the expected surplus from NAMA; if it will be considered a financial transaction; if it will be possible to utilise the proceeds for expenditure without impact on the expenditure benchmark; and if he will make a statement on the matter. [13128/18]

Written Answers — Departmental Agencies: Departmental Agencies (17 May 2011)

Dara Calleary: ...are in place across all agencies of his Department including the National Asset Management Agency; and if his attention has been drawn to any serious HR issues in any of these agencies including NAMA. [11623/11]

Written Answers — Department of Finance: NAMA Operations (13 Apr 2017)

Dara Calleary: 67. To ask the Minister for Finance the amount of funding provided under the capital plan for the NAMA 4,500 new residential units in the Dublin area; the amount spent to date; the number of homes completed; the number of homes to be provided from 2017 onwards; the cost of these; and if he will make a statement on the matter. [18786/17]

Written Answers — Department of Finance: NAMA Social Housing Provision (18 Jan 2018)

Dara Calleary: 46. To ask the Minister for Finance the amount of funding provided under the capital plan for the NAMA 4,500 new residential units in the Dublin area; the amount spent to date; the number of homes completed; the number of homes to be provided from 2017 onwards; the cost of these; and if he will make a statement on the matter. [2521/18]

Written Answers — Department of Finance: NAMA Portfolio (25 Mar 2014)

Dara Calleary: ...Minister for Finance if his attention has been drawn to the impending sale of a company (details supplied) by a National Asset Management Agency appointed receiver; the interaction he has had with NAMA regarding this sale; if he will support the retention of the maximum numbers of jobs in the company; and if he will make a statement on the matter. [13912/14]

Leaders' Questions (16 Feb 2017)

Dara Calleary: ..., from which it seems to be reversing. As the Minister knows, it was reported in 2015 that Project Eagle, a loan portfolio of 850 properties across Northern Ireland, was sold for €1.6 billion by NAMA. There is considerable concern that this was not the true value of this amount of property and that the true value was not sought or delivered. The Comptroller and Auditor General...

National Asset Management Agency Bill 2009: Second Stage (Resumed) (17 Sep 2009)

Dara Calleary: ...the economy. On the other side of the balance sheet, we have introduced a range of fiscal cuts - all opposed - in order to show that as a country we were gearing ourselves for the downturn ahead. NAMA and the proposals outlined in detail yesterday by the Minister, Deputy Brian Lenihan, provide us with a direction and purpose for how we will proceed. I agree with much of what Deputy...

Leaders' Questions (16 Feb 2017)

Dara Calleary: ...few weeks ago that, in his view, there did not seem to be adequate grounds for a commission? That does not suggest to me that the Minister is "completely cut off". The question is one of whether NAMA delivered the best return possible on taxpayers' money. In the view of the Comptroller and Auditor General, our spending watchdog, it did not. The notion that the Minister could be cut off...

Banking System: Statements (1 Apr 2010)

Dara Calleary: ...that exist and it shows that this Government is determined to tackle the problems head on in order to ensure we get out of this crisis as quickly as possible. I now want to deal specifically with NAMA. The House is aware that the first loans have transferred to the agency. NAMA must ensure the best possible return for the taxpayer and this is why it has taken such a careful approach to...

Social Housing: Motion (Resumed) [Private Members] (27 Jan 2016)

Dara Calleary: ...Government has not intervened. The Minister stated today, in his homage on "Today with Sean O'Rourke", that it would be illegal for him to get involved in such matters. While that is correct, Ministers have intervened with NAMA in respect of tourism and community projects. If ever the social clause in the NAMA legislation should be invoked, surely the provision of housing is a more...

Strategic Investment Bank: Motion. (27 Apr 2010)

Dara Calleary: ...signs for the economy are appearing. Unemployment shows signs of stabilising, retail sales have picked up and there have been improvements in credit levels. The first transfers of loans to NAMA have taken place and it is clear that the NAMA evaluation process has demonstrated a rigour and thoroughness that augur well for success in this vital task. We have seen the Financial Regulator's...

Housing Affordability: Motion [Private Members] (27 Jan 2015)

Dara Calleary: ...cannot come up with a way of matching the two. Any elected Member of this House who has any kind of sense would be in favour of a scheme that would involve the completion of houses that are in the control of NAMA or the State-owned banks. Such a scheme would create employment and give a craft to people who are without employment. Former construction workers continue to constitute the...

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