Michael McGrath (Cork South Central, Fianna Fail)
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Question 193: To ask the Minister for Finance if he supports National Asset Management Agency's plan to establish a deferred purchase scheme for residential properties; and if he will make a statement on the matter. [27584/11]

Michael Noonan (Limerick City, Fine Gael)
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The deferred consideration initiative was recently approved by the NAMA Board and the agency has written to me seeking my agreement to the initiative commencing. The details of the initiative are currently being reviewed within my Department and I will respond to NAMA when that review has been completed.