The
head of the National Assets Management Agency (Nama) has denied claims that
they are hoarding land. CEO
of Nama Brendan McDonagh was speaking before the Public Account's Committee
this morning. He
said that the recent public and media discussion on housing has been over
simplistic and that as soon as land becomes available and is commercially
viable then Nama will act.
"There seems to be a widespread but voracious assumption that
any land with residential planning permission which is not actually being
developed is, therefore, being hoarded. I can only speak on behalf of Nama but
the point applies to others also," he said. "The
reality is if you cannot fund a residential site if it is not commercially
viable. Does that mean we are supporting hoarding of land? We are not. "I assure you that as soon as a site becomes commercially
viable there is no hesitation on Nama's part to fund its development."
Read
the full article @ The Irish Examiner
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