Clare Daly (Dublin North, Socialist Party)
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Question 579: To ask the Minister for the Environment, Community and Local Government if funds released from National Asset Management Agency will be used to launch an upfront programme of remedial works for houses which contain heave inducing pyrite. [26694/12]

Phil Hogan (Carlow-Kilkenny, Fine Gael)
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It is a matter for the National Asset Management Agency to determine the appropriate arrangements for the utilisation of its funds and I have no function in that regard. My Department understands that, following its recently announced plans to invest up to €2 billion in development capital over the period to 2016, the Agency is currently assessing a wide range of projects that may be suitable for development by reference to expected demand; decisions to invest will be based on those projects which are capable of generating the greatest return to the taxpayer.