Dáil Éireann Debate, Tuesday - 12 May 2015
281. Deputy Pearse Doherty asked the Minister for Finance his views on the use of National Asset Management Agency assets, to date, for social and economic value to the State, listing the assets used, their purposes, their value on the agency's books and his plans for their future use. [18308/15]
View answerI refer the Deputy to NAMA's website, www.nama.ie/social-initiatives/, which contains extensive information on how NAMA, within the context of its overriding commercial objective, seeks to manage its portfolio in a manner that complements the objectives of Government departments, local authorities, State agencies and other public bodies. NAMA's work in this respect includes providing homes for social housing, making properties available for schools and other public uses, working with IDA Ireland to identify suitable properties for companies investing in Ireland, and agreeing rent abatements with businesses to support jobs in the retail sector. NAMA is statutorily obliged to conduct all such engagements by reference to its overriding commercial mandate, as set out in Section 10 of the NAMA Act.
