Seanad debates

Thursday, 18 November 2021

Nithe i dtosach suíonna - Commencement Matters

National Asset Management Agency

10:30 am

Photo of Lynn RuaneLynn Ruane (Independent) | Oireachtas source

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 not viable. I wonder according to whose analysis they are not viable. Could NAMA not work with agencies, such as Ó Cualann, which are saying that they can build viably, to build on those sites? Of the units that the Minister of State mentioned, how many are sold on to private investors?

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