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

65. To ask the Minister for Finance if he has received approval from the European Commission to reform NAMA in order to allow it to develop social and affordable housing on State-owned land; and if he will make a statement on the matter. [42444/17]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Deputy will be aware that NAMA is a wind down vehicle, which is repaying its debt and maximising the value of its remaining assets. 

There are valuable expertise and skills in NAMA which may have a role to play in future housing delivery. Work is ongoing in considering how this expertise may be best utilised, giving due cognisance to the various legislative, balance sheet and State aid implications of any such proposals. Since this work is ongoing, no approval has been sought from the European Commission with regard to the Deputy's question.