Dáil Éireann Debate, Tuesday - 10 July 2018
169. Deputy Darragh O'Brien asked the Minister for Finance the estimated number of NAMA staff who will transfer into Home Building Finance Ireland; the anticipated date of their transfer; and if he will make a statement on the matter. [30299/18]
Amharc ar fhreagraThe Home Building Finance Ireland Bill 2018 provides that the staff of HBFI will be provided by the NTMA on a secondment basis. This model has been successfully used in the past in establishing other entities such as the Strategic Banking Corporation of Ireland (SBCI).
In order to ensure that the entity is established in the most efficient manner possible it is envisaged that the NTMA shall first draw upon any relevant resources, services and experience that are already available within NAMA when appointing staff to HBFI. NAMA has amassed considerable expertise in this area through the implementation of its existing residential funding programme and this will be a key asset for HBFI.
Ultimately, it will be a matter for the Board of HBFI to determine the precise staffing levels required which will be commensurate with the level of demand for lending from developers. As a result it is not possible to estimate the number of NAMA staff that may ultimately transfer to HBFI at this time. The transfer of any NAMA staff will depend on HBFI's requirements and the availability of appropriate resources in NAMA at that point in time.
