As Minister for Finance I have no role in respect of NAMA’s commercial operations. The Deputy will be aware that NAMA does not typically own or sell property, rather NAMA owns loans for which the properties act as security. I am advised that the properties to which the Deputy refers are controlled by an appointed Receiver, who has responsibility for the management and sale of such properties.
I am advised that the partially completed units referenced cannot currently be completed in full compliance with planning due to Irish Water capacity issues with the local waste water treatment plant and an incomplete foul sewer network. Accordingly, the units are not currently fit for occupation and suggestions that individuals could address the waste water issues themselves may result in serious health and safety problems. The Receiver hopes that Irish Water will allocate resources to resolve the matter but this may take some time. NAMA is not aware of the specific arrangements of other units in this development, which are not secured to NAMA’s loans, have in relation to waste water and disposal of foul effluent.
NAMA has a dedicated email address for general queries and representations from Oireachtas members: oir@nama.ie. This email is monitored regularly and queries responded to promptly, while observing the statutory obligations relating to debtor confidentiality.
