Dáil Éireann Debate, Wednesday - 28 April 2010
53 Deputy Pat Breen asked the Minister for Finance if he expects the National Asset Management Agency to accommodate social objectives in the course of its work; and the way these objectives will be established and funded. [17126/10]
View answerNAMA has a commercial remit and generating a return for the taxpayer is a key objective. However, within the context of its commercial remit, NAMA will consider proposals aimed at facilitating public bodies in the creation of vibrant sustainable communities. I have previously indicated that such bodies could be given first option on NAMA properties for a limited period. With regard to social and affordable housing, I understand that the Department of Environment, Heritage and Local Government has made contact with NAMA to explore potential options which would enable such housing to be provided on a commercial basis.
