Dáil Éireann Debate, Tuesday - 5 April 2011
76 Deputy Paschal Donohoe asked the Minister for Finance his plans to include a social dividend clause in the National Asset Management Agency legislation; and if he will make a statement on the matter. [6478/11]
View answerOne of the purposes set out in the National Asset Management Agency Act 2009 is "to contribute to the social and economic development of the State". Where it can be shown that, for example, providing units for social and affordable housing needs can create a commercial proposition for NAMA, then NAMA may play a role in the provision of social and affordable housing. I understand that officials of NAMA have had some contact with officials of the Department of Environment Heritage and Local Government, local authorities and other public bodies to explore the scope for such arrangements. It is not intended at this stage to amend the NAMA legislation.
