Results 141-160 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: NAMA Social Housing Provision (14 Feb 2019)

Paschal Donohoe: I wish to advise the Deputy that subject to current market conditions prevailing NAMA projects a surplus in the region of €3.5bn to be returned to the State once it completes its work. The realisation of this surplus depends on the redemption of NAMA’s remaining subordinated debt by March 2020 and completion of its Dublin Docklands SDZ and residential funding programmes. As...

Written Answers — Department of Finance: NAMA Transactions (14 Feb 2019)

Paschal Donohoe: I am advised that Section 172(3) of the NAMA Act is a legal provision preventing any interest in property held as security for loans acquired by NAMA from being sold back to defaulting debtors, or persons acting on behalf of defaulting debtors. NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured assets confirming that they are in compliance with Section 172(3)...

Written Answers — Department of Finance: National Treasury Management Agency Staff (12 Feb 2019)

Paschal Donohoe: The year end headcount of the National Treasury Management Agency (NTMA) excluding staff assigned to the National Asset Management Agency (NAMA) is set out in the table below. Year Headcount 2017 526 2018 556 The table below shows the number of NTMA staff (excluding those assigned to NAMA) by relevant band. The numbers include staff members who left the NTMA during 2018 in addition to...

Written Answers — Department of Finance: NAMA Staff Data (12 Feb 2019)

Paschal Donohoe: The year-end headcounts for 2017 and 2018 of National Treasury Management Agency (NTMA) staff assigned to the National Asset Management Agency (NAMA) are set out in the following table: 2017-2018 Year Headcount 2017 264 2018 238 Salary information for year-end 2017 is included on page 115 of the NAMA 2017 Annual Report. The table below shows the number of NAMA officers by relevant salary...

Written Answers — Department of Finance: NAMA Staff Remuneration (12 Feb 2019)

Paschal Donohoe: I draw the Deputy's attention to page 113 of NAMA's Annual Report and Financial Statements for 2017 which sets out Note 10.1 - Staff costs. I am advised that an amount of €0.8m was incurred in respect of 10 members of staff who departed under the 2017 Voluntary Redundancy Scheme. Two employees left in 2017 and a further eight were placed on garden leave in 2018 in advance of their...

Written Answers — Department of Finance: NAMA Staff Data (7 Feb 2019)

Paschal Donohoe: Similar to NAMA and the SBCI, all Home Building Finance Ireland (HBFI) officials will be seconded employees of the NTMA. In order to ensure that HBFI operates in the most efficient manner possible it is envisaged that the NTMA shall first draw upon any relevant resources, services and experience that are already available within the NTMA, including NAMA, when appointing staff to HBFI. NAMA...

Written Answers — Department of Finance: NAMA Legal Cases (5 Feb 2019)

Paschal Donohoe: Section 172(3) of the NAMA Act 2009 is a legal provision preventing any interest in property held as security for loans acquired by NAMA from being sold back to defaulting debtors, or persons acting on behalf of defaulting debtors. In order to ensure compliance with Section 172(3), I am advised that NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured...

Written Answers — Department of Finance: NAMA Operations (29 Jan 2019)

Paschal Donohoe: The Deputy will be aware that NAMA does not own or control property, rather NAMA owns loans for which the properties act as security. I am advised that the properties concerned are under the control of the court-appointed administrator of a deceased person’s estate and that NAMA is a secured creditor. The Deputy will be aware that one of the primary duties of an administrator is to...

Written Answers — Department of Finance: NAMA Social Housing Provision (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 108 to 111, inclusive, together. I am advised by NAMA that it no longer has any involvement with the Player Wills site. The loans attaching to the site were fully repaid at par value by the borrower in late December 2018 and NAMA accordingly was obliged to release its legal charge over the site. It is important to note that NAMA does not own or...

Written Answers — Department of Finance: Social and Affordable Housing Data (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 133 to 135, inclusive, together. I am advised that NAMA funded the delivery of 9,669 homes by its debtors and receivers between January 2014 and December 2018. I am advised that debtors and receivers whose projects are funded by NAMA must comply with the same statutory obligations in relation to Part V of the Planning and Development Act 2000 as all...

Written Answers — Department of Finance: NAMA Operations (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 136 and 137 together. I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020/2021. NAMA is on track to have repaid all its subordinated debt and to have reimbursed the private shareholders in the NAMA DAC by that time. NAMA will have also substantially completed its residential funding programme and its...

Written Answers — Department of Finance: NAMA Debtors (22 Jan 2019)

Paschal Donohoe: I am advised by NAMA that, as at November 2018, there were 223 debtors remaining under management. Of these connections, 139 were in support or forbearance strategies and 84 were subject to enforcement. At the same date, these debtors had a combined par debt balance of €23.9bn. The value of the assets securing this debt is very low and NAMA is working to maximise the amount of debt...

Written Answers — Department of Finance: NAMA Staff Data (22 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 139 and 140 together. The NAMA Voluntary Redundancy Scheme (“VRS”) was first approved by the NAMA Board in 2015. The nature of the redundancy payments has previously been outlined to the Dáil and is in keeping with established public sector norms; that is, two weeks statutory pay per year of service, capped at €600 per week, plus...

Written Answers — Department of Finance: NAMA Social Housing Provision (15 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 175 and 177 together. I am advised by NAMA that it no longer has any involvement with the Player Wills site. The loans attaching to the site were fully repaid at par value by the borrower in late December 2018 and NAMA accordingly was obliged to release its legal charge over the site. It is important to note that NAMA does not own or control property,...

Written Answers — Department of Finance: NAMA Property Sales (15 Jan 2019)

Paschal Donohoe: The median sale agreed price for NAMA-funded units in the years 2016 to 2018 is set out in the table below. I am advised by NAMA that median sales prices can change significantly from year-to-year in the same Local Authority Area, due to the differing nature of NAMA-funded schemes coming to the market. Local Authority Area 2016 2017 2018 DLRCC 450,000 550,000 535,000 SDCC...

Written Answers — Department of Finance: NAMA Property Construction (15 Jan 2019)

Paschal Donohoe: I am advised that, from Q1 2014 to Q4 2018, NAMA funded the construction of 9,669 new residential units in Ireland on residential development land under the control of its debtors and receivers. It is important to note that NAMA can only fund developments which are under the control of its debtors and receivers and which are commercially viable. The breakdown by local authority area and year...

Written Answers — Department of Finance: NAMA Operations (15 Jan 2019)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020/2021 and that, over those two years, the Agency expects that a surplus, currently projected to be €3.5bn, will be available for return to the State. NAMA announced in October 2017 that it had redeemed all of its €30.2bn in Senior Debt which was guaranteed by the State and...

Written Answers — Department of Finance: NAMA Social Housing Provision (19 Dec 2018)

Paschal Donohoe: The information requested by the Deputy in respect of the number of houses and apartments in each local authority area that have been directly financed by NAMA's residential funding programme since 2014 is set out in the table. http://debatesarchive.oireachtas.ie/debates%20authoring/weba ttachments.nsf/0/8456B10BA4771990802583680058699C/$File/ATTI A167.pdf?openelement

Written Answers — Department of Finance: NAMA Accounts (19 Dec 2018)

Paschal Donohoe: I wish to advise the Deputy that it is expected that NAMA will substantially complete its work by 2020/2021 and that, over those two years, the Agency expects that a surplus currently projected to be €3.5bn will be available for return to the State. However it is important to note that this surplus has yet to fully crystallise. Its realisation depends on the success of NAMA's ongoing...

Written Answers — Department of Finance: NAMA Property Sales (18 Dec 2018)

Paschal Donohoe: ...place between me and the Minister for Housing, Planning and Local Government or between the Department of Finance and outside agencies, either generally or in relation to the price of land associated with NAMA. Furthermore, NAMA did not have any involvement in the drafting of the new planning guidelines for building heights, nor was it consulted by DHPLG prior to their publication. The...