Peadar Tóibín (Meath West, Aontú)
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268. To ask the Minister for Finance the status of the apartments in Finglas, known as Prospect Hill, that were taken back into possession of Dublin City Council; if they remain in full ownership of the State; if a block of apartments recently sold by the National Asset Management Agency in the same complex were the ones owned by the State; the status of that particular block; and when the apartments will be allocated. [49757/22]

Paschal Donohoe (Dublin Central, Fine Gael)
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I wish to highlight that, as Minister for Finance, I have no role in respect of NAMA’s commercial operations.

The Deputy will be aware that NAMA does not directly own or sell properties, accordingly NAMA does not and did not own apartments at the referenced property.

The apartments in which NAMA had an interest were owned by a private entity, held as security by NAMA, and controlled by a receiver who was responsible for their management and sale.

I am advised that, following an open market process, a number of apartments were sold by the receiver in February 2022; I am also advised that this sale did not concern any of the apartments in the ownership of Dublin City Council (DCC).

NAMA has no further interest in any of the apartments in the Prospect Hill development; accordingly it has no knowledge of their current status.

I am advised that before the receiver placed the apartments on the open market, NAMA established that DCC had no interest in acquiring the receiver’s units. Neither NAMA, nor the appointed receiver, have a role in determining the acquisition or allocation by local authorities of apartments for social housing.