Written answers

Tuesday, 7 February 2012

Department of Finance

National Asset Management Agency

9:00 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
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Question 120: To ask the Minister for Finance if he is satisfied with the National Asset Management Agency's strategy in regard to residential homes, some of which are protected structures or in areas of architectural conservation, that are unoccupied and in need of repair, or have been vacated while renovation works remain to be completed, and are now falling into disrepair. [6307/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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NAMA informs me that property assets securing NAMA loans are under the control of debtors or of receivers appointed by the Agency. As such, it is debtors and receivers who are responsible for the preservation and maintenance of such property, including protected structures and residences which are of architectural significance. In cases where NAMA becomes aware that debtors are neglecting their duties in this regard, the Agency advises me that it demands of them that they take appropriate remedial action. Should the debtor fail to take the appropriate action, NAMA can appoint a receiver to take control of the property concerned or under the provisions of section 141 of the NAMA Act, it can apply to the District Court for an entry and maintenance order, for which the overall costs can be charged back to the debtor. NAMA informs me that it has not been necessary to move beyond the first option in the very few cases relating to period buildings and protected structures that have arisen to date. Should the Deputy have any concerns about such buildings or structures, however, he should inform the Agency through the dedicated e-mail address, oir@nama.ie , to which members of the Oireachtas may direct questions on matters of public interest provided the terms of Section 221 of the National Asset Management Act 2009 are respected.

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