Michael McGrath (Cork South Central, Fianna Fail)
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61. To ask the Minister for Finance his views on the sale by NAMA of a site (details supplied) in Dublin 8 in view of the establishment of the national Land Development Agency; his further views on whether this land could have been used under the LDA for social and affordable housing; if he was consulted regarding the sale; and if he will make a statement on the matter. [38201/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I wish to advise the Deputy that as Minister, I have no role to play in NAMA’s operations or in its commercial decisions. NAMA is prohibited, under Section 99 and Section 202 of the NAMA Act 2009, from disclosing confidential information relating to its debtors and for that reason, I do not propose to make any comment in relation to the particular issue raised by the Deputy.

In relation to the Land Development Agency, this is a new agency to ensure the optimal usage of State land and will have an immediate focus on managing the State’s own lands to develop new homes, and regenerate under-utilised sites. It is important to recognise that NAMA does not own property, rather, NAMA owns loans secured by property which is owned by its debtors and therefore such sites are not included within the immediate focus of the Land Development Agency.