Senator Mark Wall has called for an urgent review of how NAMA can assist the housing crisis in this country in the Seanad this week.
Speaking in the Seand , Senator Wall sought an urgent debate with the Minister for Housing. “In asking for a debate I want to reference an interview I heard this morning on my local radio station, KFM, on my way to the House. Professor Rory Hearne of Maynooth University was interviewed about an article he had written about NAMA the previous day in the Irish Examiner. He called for an urgent review from a social and economic perspective of what NAMA does and how it contributes to the State from that point of view. I join him in that call. Some headlines from what he said refer to the fact that NAMA has €1.2 billion in funding reserves and 577 ha of residential development land. NAMA is currently selling 400 homes across the country. Professor Hearne stated NAMA could be directed to provide 4,000 cost rental and 4,000 affordable homes a year. Given the crisis, I totally agree with him. We cannot ignore what NAMA is doing and could do. Too many families in the State are continuing to cry out for housing and are in need of help.
Following the debate , Senator Wall stated, “I continue to receive calls from desperate families seeking a roof over their heads. I continue to deal with those who are working and cannot get a mortgage to provide a family home, these figures are an eye opener and should be such for the Minister for housing. We cannot sell potential family homes on the open market when the housing waiting list in Kildare and all over the country is growing, It is time we relooked at what NAMA does and how it can help this crisis”
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