Written answers
Tuesday, 20 February 2024
Department of Finance
National Asset Management Agency
Catherine Murphy (Kildare North, Social Democrats)
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208. To ask the Minister for Finance if he will provide a schedule of NAMA owned and or controlled assets that are currently being used by the Department of Children and Youth Affairs. [7494/24]
Michael McGrath (Cork South Central, Fianna Fail)
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I wish to advise the Deputy that NAMA does not typically own or control properties; rather NAMA owns loans for which the properties act as security.
The properties securing NAMA’s loans are owned and controlled by their registered owners or appointed receivers in the case of enforcement. By virtue of Sections 99 and 202 of the NAMA Act, NAMA is legally precluded from disclosing confidential debtor information, including specific details relating to secured assets.
NAMA has confirmed that the Agency currently has no engagement with the Department of Children, Equality, Disability, Integration and Youth in relation to any of its secured assets. I am further advised by NAMA that its secured portfolio contains very few residential assets that are let and none that are available for letting.
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