Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context

Question 62: To ask the Minister for Finance if the National Asset Management Agency plans to establish a deferred purchase scheme for residential properties which requires an amendment to the National Asset Management Agency Act 2009; and if he will make a statement on the matter. [27777/11]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

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 proposal as submitted to me does not foresee any amendment to the National Asset Management Agency Act 2009. The details of the initiative are currently being reviewed within my Department and I will respond to NAMA when that review has been completed.