Search for nama segment:8090027 (KildareStreet.com)

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Seanad: Nithe i dtosach suíonna - Commencement Matters: National Asset Management Agency (18 Nov 2021): Lynn Ruane: I thank the Minister of State for being in the Chamber. We need to talk about the National Asset Management Agency, NAMA, and, more specifically, what the agency is doing to fulfil its mandate to contribute to the economic and social development of Ireland. While the agency may be fulfilling its economic mandate, it has dropped the ball regarding its contribution to the social development...
Seanad: Nithe i dtosach suíonna - Commencement Matters: National Asset Management Agency (18 Nov 2021): Seán Fleming: I thank the Deputy for raising the issue in relation to NAMA, which has been ongoing for a number of years. NAMA was given a difficult job to do when it was established as an independent commercial body with a very specific legal and commercial mandate, which was approved not just by the Dáil and the Seanad, but specifically by the European Commission, in 2010. It is following its...
Seanad: Nithe i dtosach suíonna - Commencement Matters: National Asset Management Agency (18 Nov 2021): Seán Fleming: I am not saying the Senator is unaware of this, but it is important to note that NAMA does not own the development sites in its portfolio. The public does not necessarily know that. NAMA owns the loans; it does not own the land or the properties. The properties are owned by developers who owe money to NAMA. If the developers can clear their debts with NAMA, they are gone. If they clear...
Seanad: Nithe i dtosach suíonna - Commencement Matters: National Asset Management Agency (18 Nov 2021): Lynn Ruane: As the Chair of the Committee of Public Accounts, in 2019 the Minister of State himself commented on the unacceptable delay in terms of what NAMA should be doing, yet, according to his presentation today, NAMA is doing all that it can. I am wondering what has changed since 2019. One of the key points is that NAMA states that it will not build the 10,000 units that it could, because they are...

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