Results 161-180 of 378 for nama speaker:Paschal Donohoe

Written Answers — Department of Finance: Consultancy Contracts Data (13 Dec 2018)

Paschal Donohoe: ...x20ac;69,937.80 in 2018 to KPMG for professional services relating to the wind-down of ReBo in 2017. The Office of the Comptroller and Auditor General, the National Treasury Management Agency (NTMA), the National Asset Management Agency (NAMA) and the Strategic Banking Corporation of Ireland (SBCI) were not in a position to provide the information requested in the time available. Therefore...

Written Answers — Department of Finance: NAMA Social Housing Provision (11 Dec 2018)

Paschal Donohoe: As regards the first part of the Deputy’s question, I am advised that NARPS (National Asset Residential Property Services D.A.C.) was established by NAMA in 2012 in order to expedite the provision of much needed social housing. NARPS operates by purchasing properties from its debtors and receivers, at full market value, and making them available to Local Authorities or Approved Housing...

Written Answers — Department of Finance: NAMA Legal Cases (11 Dec 2018)

Paschal Donohoe: The Deputy will be aware that 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...

Written Answers — Department of Finance: Departmental Staff Data (11 Dec 2018)

Paschal Donohoe: ...Council Principal Officer: 1 Male; Assistant Principal: 2 Males; Higher Executive Officer: 1 Female; Administrative Officer: 1 Male, 2 Females; 4 3 57.1% Male 42.9% Female National Asset Management Agency As the NAMA employees are employees of the NTMA assigned to NAMA, NAMA figures are captured in the figures for the NTMA National Treasury Management Agency N/A - The NTMA...

Written Answers — Department of Finance: Home Building Finance Ireland Establishment (6 Dec 2018)

Paschal Donohoe: ...applications towards the end of January 2019. It is currently expected that an initial team of c.23 staff members will be employed by HBFI as the company commences operations. Similar to NAMA and the SBCI, all HBFI officials will be seconded employees of the NTMA. In order to ensure that HBFI is established in the most efficient manner possible it is envisaged that the NTMA shall first...

Ceisteanna Eile - Other Questions: NAMA Loans Sale (22 Nov 2018)

Paschal Donohoe: ...Deputy Wallace's direct question clearly, however. It is my strong view, and a requirement under law, that the relevant oversight body for this matter is the Comptroller and Auditor General. NAMA is in communication with him and his office and this is the way I believe it should be dealt with. A correct consensus grew in the aftermath of the crisis that politicians should step out of...

Ceisteanna Eile - Other Questions: NAMA Loans Sale (22 Nov 2018)

Paschal Donohoe: I reiterate that it is now accepted that politicians should not be involved in inquiries into organisations as vast and significant as NAMA nor should we be involved in their day-to-day operations because of the pressure we could come under. If the Deputy is willing to accept that, he should be willing to accept that the Office of the Comptroller and Auditor General is the right body to do...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Paschal Donohoe: The Deputy is correct that the NAMA legislation lays out the objectives by which NAMA must ensure any transaction meets certain criteria. However, deeming whether the criteria are met is work for NAMA and it then has a relationship with the Comptroller and Auditor General on the oversight of its operations. That is where the key statutory oversight facility is. It is with the Comptroller...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Paschal Donohoe: ...convictions or prosecutions but I can check to see what has occurred over the last number of years. As I have indicated to the Deputy and as she has recognised, the oversight relationship with NAMA, having regard to the performance of its commercial duties, is anchored in the work of the Comptroller and Auditor General. I have outlined to the Deputy the nature of the communication that...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Paschal Donohoe: Section 172(3) of the National Asset Management Agency Act 2009 is a legal provision preventing assets held as security for loans acquired by NAMA from being sold back to defaulting debtors or persons acting on behalf of defaulting debtors. To ensure compliance with this section, I am advised that NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured assets...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Paschal Donohoe: It is expected that NAMA will substantially complete its work by the end of 2020-21. Over 2020 and 2021 it expects a surplus currently projected to be €3.5 billion to be available for return to the State. NAMA announced last year that it had redeemed all of its €30.2 billion in senior debt, which was guaranteed by the State. Since April 2018, it has commenced the redemption...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Paschal Donohoe: ...portfolio. I do not have any information that is more up to date than what the Deputy has just given me. The answer to the Deputy's third question regarding the intersection between the work of NAMA and the work of the Land Development Agency, LDA, is that there are personnel who have worked in NAMA who will now be working in the LDA. In particular, I believe the new chief executive of...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Paschal Donohoe: I will deal with each of the Deputy's points in turn. We expect the final major sale by NAMA to take place by the end of the year. The work it will do up to 2020 will have two elements. The first will involve the delivery of the Dublin docklands SDZ, in which it plays a considerable role, and the delivery of a residential programme there and at a number of other sites. The second piece of...

Written Answers — Department of Finance: NAMA Assets Sale (22 Nov 2018)

Paschal Donohoe: ...recorded a small number of instances (4 out of a total of 78) where Section 172 confirmations could not be located in respect of sales. I am advised that Section 172 confirmations are examined by NAMA when a sale occurs and that NAMA has a policy of obtaining written confirmation from purchasers of NAMA secured assets that, among other things, the purchaser is not a party precluded from...

Written Answers — Department of Finance: NAMA Expenditure (22 Nov 2018)

Paschal Donohoe: I am advised that, from Q1 2014 to Q3 2018, NAMA funded the construction of 8,013 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 of the...

Written Answers — Department of Finance: NAMA Loans Sale (22 Nov 2018)

Paschal Donohoe: ...my Department does not have access to the information requested.  The C&AG does report publicly on material findings emerging from his work. Chapter 6 of the C&AG's second progress report on NAMA, published in June 2018, examined the processes applied by NAMA in eleven loan sales, covering the period 2011 to 2016. The C&AG also published a special report on the Sale of...

Written Answers — Department of Finance: NAMA Portfolio (13 Nov 2018)

Paschal Donohoe: I am advised that Sections 99 and 202 of the NAMA Act prohibit NAMA from disclosing confidential debtor information, including information on the assets owned by its debtors. It is therefore not possible to provide information on the location of residential units owned by debtors. I am advised that NAMA’s acquired loan portfolio was initially secured by some 22,735 residential units in...

Written Answers — Department of Finance: NAMA Property Sales (13 Nov 2018)

Paschal Donohoe: I am advised that, since inception, a total of 19,224 residential units located in the Republic of Ireland have been sold by NAMA debtors and receivers. These residential units were owned by NAMA debtors and the sales proceeds were used to repay associated debt. The figures include both completed and partially completed units, as well as over 8,000 new houses or apartments delivered through...

Written Answers — Department of Finance: NAMA Property Sales (13 Nov 2018)

Paschal Donohoe: I am advised that it was not possible for NAMA to provide the information sought in the time available and therefore I will make arrangements to provide the outstanding information in line with Standing Orders.

Written Answers — Department of Finance: Social and Affordable Housing Data (13 Nov 2018)

Paschal Donohoe: I am advised that, following the review process undertaken by NAMA, as outlined in my response to PQ [46748/18], NAMA collated a list of potentially suitable properties which was shared with the Housing Agency. The Housing Agency, in turn, engaged with the relevant local authorities to determine if there was demand in the geographical areas in which potentially suitable houses were located....