Results 1-20 of 48 for nama speaker:Simon Coveney

Written Answers — Department of Housing, Planning, Community and Local Government: Social and Affordable Housing Provision (19 Jan 2017)

Simon Coveney: NAMA was established as an independent commercial body to operate under the direction of its Board of Directors, in accordance with the NAMA Act. Under Section 10 of the NAMA Act, NAMA is mandated to act in a commercial manner to obtain the best financial return for the State. As such, NAMA's dealings with its debtors, as well as the management, funding and sale of assets are all commercial...

Written Answers — Department of Agriculture, Food and the Marine: NAMA Property Sales (5 Mar 2014)

Simon Coveney: I have not had any contact with my British counterpart on the future of the Wimbledon Greyhound Stadium as I understand that NAMA holds the loan advanced to the owners of the stadium. NAMA has indicated to the planning authorities in London that it supports the Galliard led proposed development of the site involving Wimbledon AFC. Furthermore I am informed that approaches have been made to...

Written Answers — Department of Housing, Planning, Community and Local Government: NAMA Social Housing Provision (25 May 2017)

Simon Coveney: To end Quarter 1 2017, the National Asset Management Agency (NAMA) had identified 6,947 units, associated with the security for loans that NAMA has acquired, that could be made available for social housing. Many of these units were in unfinished housing developments or developments that required significant remediation work. All of the units identified by NAMA, regardless of their condition,...

Written Answers — Department of Environment, Community and Local Government: Social and Affordable Housing Provision (17 May 2016)

Simon Coveney: In December 2011, the National Assets Management Agency (NAMA) announced that it would facilitate the provision of accommodation for social housing. In the period since, a Steering Group, comprising my Department, NAMA and the Housing Agency, has been working with housing authorities and Approved Housing Bodies (AHBs) towards achieving this objective. The properties under consideration...

Written Answers — Department of Housing, Planning, Community and Local Government: NAMA Portfolio (28 Sep 2016)

Simon Coveney: To end Quarter 2 2016, the National Asset Management Agency (NAMA) had identified 6,765 units, associated with the security for loans that NAMA has acquired, that could be made available for social housing. Many of these units were in unfinished housing developments or developments that required significant remediation work. All of the units identified by NAMA, regardless of their condition,...

Written Answers — Department of Environment, Community and Local Government: NAMA Social Housing Provision (24 May 2016)

Simon Coveney: Firstly, in relation to the prospect of the specific transfer of land to local authorities or other state bodies, I have to emphasise that NAMA does not own property or land. Its role in relation to property and land is that of a secured lender.  In that capacity, NAMA requires its debtors and receivers to openly market the sale of properties and land to ensure that the best...

Written Answers — Department of Housing, Planning, Community and Local Government: NAMA Social Housing Provision (17 Jan 2017)

Simon Coveney: The Housing Agency recently published data up to the end of December 2016, in relation to cumulative delivery of social housing by NAMA. This information and associated breakdowns is available on the website of the Housing Agency at the following link: To date, NAMA has identified a total 6,944 units that could be potentially made available for social housing. The local authorities and the...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Simon Coveney: ...the wealthy development friends of Fianna Fáil. Developers and speculators who have borrowed irresponsibly from careless and morally corrupt banks will continue to owe that debt, whether under NAMA or existing banks. I hope that, whatever shape NAMA takes if the legislation is passed, it will fearlessly pursue those responsible for property debt to minimise losses to the public....

Written Answers — Department of Housing, Planning, Community and Local Government: Housing Provision (19 Jan 2017)

Simon Coveney: ...of the range of measures in the Action Planis provided by the Cabinet Committee on Housing which is chaired by An Taoiseach and involves many key Ministers, including the Minister for Finance. NAMA is making a very substantial contribution, on a commercial basis, to the increased supply of new homes through its residential delivery programme. Against the background of major supply...

Written Answers — Department of Housing, Planning, Community and Local Government: NAMA Social Housing Provision (16 Sep 2016)

Simon Coveney: The National Asset Management Agency (NAMA) plays an important role in the delivery of social housing. To the end of June 2016, a total of 2,135 residential properties, which are part of the security for loans that NAMA has acquired, had been secured for use by local authorities or approved housing bodies. These comprise 1,588 completed properties and a further 547 that had been contracted...

Decentralisation Programme (14 Dec 2011)

Simon Coveney: ...reduce costs. It will take time to work out how we can best achieve that objective but we will be completely transparent and people will have the relevant information as soon as it is available. NAMA's job is to maximise the return on the properties it controls. If it has a role to play in regard to properties in Portlaoise I am happy to engage with it. I am not aware of any ongoing...

Written Answers — Department of Housing, Planning, Community and Local Government: Planning Issues (23 Feb 2017)

Simon Coveney: ...to the town of Naas, has been a particular focus of the Council’s efforts over the last number of years. In this regard, I am informed by the Council that it continues to actively engage with NAMA – which has a controlling interest in the site - on the issue of the site being offered for sale as soon as possible and that it will continue to support and work in partnership...

Committee on Housing and Homelessness: Minister for the Environment, Community and Local Government (2 Jun 2016)

Simon Coveney: We can have a long debate about the remit of NAMA. The NAMA vehicle was set up to take broken property-related loan books off the banking system and its remit was to try to minimise the financial exposure to the State. That is the remit it continues to work out, which is why it has - and it is unapologetic about it - a commercial remit to try to do that. It is predicting that by 2020 it...

Written Answers — Department of Environment, Community and Local Government: NAMA Portfolio (14 Jun 2016)

Simon Coveney: The role and mandate of NAMA is a matter, in the first instance, for the Minister for Finance. The Programme for a Partnership Governmentincludes a commitment to the preparation and publication of an ‘Action Plan for Housing’. The Action Plan will be drafted with input from a number of key Departments, including the Department of Finance, and drawing on the work of the Special...

Land and Land Conveyancing Law Reform (Review of Rent in Certain Cases)(Amendment) Bill 2010: Second Stage (9 Mar 2010)

Simon Coveney: ...keep them in business, and I would encourage more of that. However, there are institutional landlords and, in particular, banks, about whom, regardless of what the Minister stated on the so-called NAMA effect on rental prices at present, I have deep concerns. There is even a State-owned bank, Anglo Irish Bank, deliberately trying to push up rents in order to potentially add value to loan...

Infrastructure Stimulus Package: Motion (28 Apr 2009)

Simon Coveney: We are not debating NAMA; we are debating something totally different.

Committee on Housing and Homelessness: Minister for the Environment, Community and Local Government (2 Jun 2016)

Simon Coveney: There are NAMA estates in the Deputy's constituency. However, 20,000 houses will be built and she has no idea what percentage of them will be social housing.

Committee on Housing and Homelessness: Minister for the Environment, Community and Local Government (2 Jun 2016)

Simon Coveney: Hopefully, the Deputy will get some answers then. I am aware that NAMA spent tens of millions of euro doing up properties to make them suitable for social housing. I do not have the exact figure but it was very significant.

Other Questions: Social and Affordable Housing Provision (24 May 2016)

Simon Coveney: ...are rapid build houses that look, feel and behave as would a normal modern house. There was a change in approach so we would have long-term solutions for people's housing needs. The role of NAMA is really significant in facing our housing challenges. It is committing to building more than 20,000 housing units and will be central to projects like the new special development zone, SDZ,...

Land and Land Conveyancing Law Reform (Review of Rent in Certain Cases)(Amendment) Bill 2010: Second Stage (9 Mar 2010)

Simon Coveney: ...bank or any other banking institution in Ireland deliberately trying to drive up rent for their own profitable gain in terms of the anticipation of a valuation that may be put on that property by NAMA. I plead with the Minister to ensure that this issue becomes a priority for him and for Government.