Results 1-6 of 6 for nama segment:8516250
- Saincheisteanna Tráthúla - Topical Issue Debate: National Asset Management Agency (16 Feb 2023)
Jack Chambers: ...raising this issue. I will reflect the feedback they have provided and what they have stated regarding the community's perspective on this, which is important. As I stated, I have been advised by NAMA that it holds a 20% equity interest in the development site at Poolbeg west SDZ. Under the terms of the shareholder agreement NAMA entered into in 2021, all shareholders, in accordance...
- Saincheisteanna Tráthúla - Topical Issue Debate: National Asset Management Agency (16 Feb 2023)
Eoin Ó Broin: ...agreement cannot be reached, not only can the development not proceed but also the communities of Ringsend and Irishtown could lose these much-needed affordable homes. The National Asset Management Agency, NAMA, retains a 20% stake in the development. The only way the affordable homes can be delivered is if NAMA's 20% stake is transferred to Dublin City Council and is used as part of the...
- Saincheisteanna Tráthúla - Topical Issue Debate: National Asset Management Agency (16 Feb 2023)
Chris Andrews: ...these homes affordable because €500,000, €600,000 or €700,000 is not affordable to ordinary working families. How will the Government bring the price down? As my colleague Deputy Ó Broin has said, NAMA will be wound down in 2025. We would ask the Government, along with the Irish Glass Bottle Housing Action Group and residents in Ringsend and Irishtown, to...
- Saincheisteanna Tráthúla - Topical Issue Debate: National Asset Management Agency (16 Feb 2023)
Jack Chambers: ...includes a requirement for 25% of the residential units delivered in the SDZ to be reserved for social and affordable housing, comprising 10% Part V social housing and 15% affordable housing. NAMA retains a 20% minority interest in a 37.2 acre development site located within the SDZ. A consortium of Ronan Group Real Estate, Oaktree Capital Management and Lioncor Developments owns the...
- Saincheisteanna Tráthúla - Topical Issue Debate: National Asset Management Agency (16 Feb 2023)
Eoin Ó Broin: ...of performance. There is a significant request from ourselves, from a unanimity of councillors representing the local electoral area on a cross-party basis, and from the communities there, on the NAMA stake. This will have to be transferred to a public body and the only way we will get the affordable homes, which is a legal requirement of the SDZ, and get the entire scheme unlocked, is...
- Saincheisteanna Tráthúla - Topical Issue Debate: National Asset Management Agency (16 Feb 2023)
Chris Andrews: As has been said, it is important that NAMA transfers its holding to Dublin City Council. Residents from Ringsend and Irishtown living in overcrowded accommodation that is filled with dampness and mould need this and it is necessary to develop a strong community. Housing is a key element to that. It has been seven years since an agreement was reached to develop public housing on this site....