Results 21-39 of 39 for nama speaker:Willie Penrose

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 — 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...

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...

Social and Affordable Housing (17 May 2011)

Willie Penrose: A number of questions arise in that regard. I do not object to Deputy Boyd Barrett's objective. I am somewhat constrained but I must deal with reality. In the context of NAMA, a significant number of houses do not fall within the social housing provision. This week and early next week we will engage in a process to identify suitable housing. In the case of abandoned estates or where...

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...

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...

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.

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...

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...

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...

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.

Programme for Government: Motion (15 Mar 2011)

Willie Penrose: ...dangerous places. The Government has a strong resolve to deal coherently with unfinished estates. Our approach will involve all the key stakeholders, including the more transparent and proactive NAMA which the Minister for Finance will deliver. I will focus on a number of key actions which will ensure all parties deliver on their responsibilities and will restore confidence in our...

Credit Availability (13 Oct 2010)

Willie Penrose: ...are going to the wall because they cannot access credit, and two years on from the introduction of the blanket guarantee our banking system remains in crisis? We were promised that the guarantee, NAMA and the recapitalisation of the banks would assist, but the banks are risk averse. What is the reason for not proceeding with this measure? Will the Minister not tell us the truth of the...

Economic Strategy: Motion (29 Sep 2010)

Willie Penrose: ...are going to the wall because they cannot access credit. Two years on from the introduction of the blanket guarantee, our banking system is still in crisis. We were promised that the guarantee, NAMA and the recapitalisation would get credit flowing, but our banks remain critically undercapitalised and risk averse. I have been calling for the introduction of a SME working capital...

Strategic Investment Bank: Motion. (27 Apr 2010)

Willie Penrose: ...out the banks and despite a lot of lip-service, promises of credit reviews, Mazars reports, etc, there has been a downright failure to provide a credit flow to small and medium-sized enterprises. NAMA represents an enormous transfer of public money into private hands. It is a grim example of what the Nobel Prize winning economist, Joseph Stiglitz, has called "socialism for the rich,...

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

Willie Penrose: ...relative to the objective being sought. It should be pointed out that a landlord will still be entitled to the open market rent, which will be determined at the rent review. In the context of the NAMA Act 2009, the rent generated from the property is highly material to the process and is a necessary element in arriving at a determination of acquisition values under Part 5 of the Act....

Farming and Agri-Food Sector: Statements (25 Nov 2009)

Willie Penrose: ...beginning to wonder if I am too stupid to realise what is going on. No money is filtering down or else it is not filtering down quickly enough. Today one of the chief executives stated that after NAMA there would be a very slow trickle of credit. This is a time when money was never required more, when people will have to buy additional fodder and need money to tide them over the...

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...

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...