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Updated 7.35pm
THE GOVERNMENT IS examining the possibility of giving the National Asset Management Agency (Nama) additional powers to build on behalf of the State.
Addressing his Fine Gael colleagues at the party’s think-in in Clonmel today, Taoiseach Leo Varadkar said:
“We are examining the possibility of repurposing Nama to develop lands on behalf of the State, to step in where the private sector has failed.”
He said the government understands the stress faced by people without a home, as well as those struggling to buy one.
A Fine Gael spokesperson said: “Ireland is grappling with a problem of supply of both public and private housing. This government understands the stress faced by people without a home as well as those struggling to buy one.
The Government is therefore examining a wide range of options on how to increase the supply of both public and private housing. Minister Eoghan Murphy has already flagged a new focus on building social housing in recent weeks along with a wide range of other measures. Further announcements will follow.
“We also know that we have a body of expertise and experience in Nama that has built up over many years. Nama has completed much of the work originally assigned to it.”
The spokesperson did stress, however, that no decision had yet been made.
The idea of giving Nama (which was set up to manage distressed assets on behalf of the State during the economic crisis, and which is due to wind down in 2020) new powers has been floated before.
Last month, Fianna Fáil spokesperson on Housing Barry Cowen said the government should utilise Nama to help deliver new social housing, adding that it should be reconstituted by giving it an additional mandate to enable it to manage housing developments on publicly owned sites on behalf of local authorities.
It’s believed the government is looking for a way to borrow off the general balance sheets and that Nama could achieve this.
There had been speculation that the government might set up a new housing agency or quango, similar to that of Irish Water, but this has been ruled out by Housing Minister Eoghan Murphy.
This is the latest in a series of measures to be announced in the coming weeks to deal with the housing, homelessness and rental crisis.
In addition to the government looking at reconstituting Nama, changes to planning regulations are also on the way to make it more affordable to build in towns and cities and make it more affordable for people to buy homes, according to Varadkar.
The housing minister made a raft of announcements at last week’s housing summit, and yesterday, it was revealed that the re-introduction of bedsits is also being considered.
The government also plans to roll out of the Deposit Protection Scheme, and to crack down on landlords that retain deposits from renters.
The Taoiseach’s speech touched on a number of issues such as the future of the party, healthcare, and his idea of Ireland being a “Republic of Opportunity” – which he said is “not a slogan or empty PR”.
“It is a way of thinking about how to improve people’s lives and we’re only getting started,” he said.
Varadkar said he wanted every citizen to achieve whatever they wanted, adding that “aspiration” and “ambition” should not be “dirty words”.
In relation to the Budget, Varadkar said it will benefit middle-income earners.
Referencing the health budget, he said the HSE now has the largest budget in Irish history. As the government invests more money, he said he would be expecting more accountability.
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What purpose does it serve to let Micky swan around South America? Living the life of luxury while he preaches his Socialist Bullshit here in Ireland? Be gone you fool, we don’t need a president
They don’t call them Champagne Socialists for nothing.
‘Micky Swan’…. I shall be using that in conversation today.
Couldn’t agree more, if we want to send out trade missions then lets send out experienced business people, not this pointless twerp.
Business people! You must be joking. Look where they got us with their greed.
And this little pointless junket cost us how much?, more than some struggling families have to live on in a year. Time to cull these wasteful political positions. I’ve no doubt the President is a genuine and honest man, but we simply cannot afford the baggage while being picked clean by an inept political system stretching back decades.
What a waste of time and money
Agree. A total waste of money, and Joe Costello – Minister for Nothing, along for the ride, visiting a banana plant- how apt coming from a Banana Republic!
Glad to see the mentalists didn’t let this go. Head of State in foreign visit shocker! These things have been going on since the days of King Solomon and the Queen of Sheba. Calm down, lads. This is part of his job.
Small man makes big impression.
Seeing as impeachment of presidents is in the news today , when will this president be impeached for failure to protect our Constitution?
Wake up Dail Eireann or loose your jobs !
It seems el Presidente has been on a global junket since being elected. I would be interested to know how much travelling he has done compared to previous presidents.
Just hope he’s not stopped at Dublin airport with a load of coke in his hair bun.
our president looks like Doc out of back to the future :)
An awful lot of angry red hands supporting Higgins and his junket. Genuine question, what would they have done if he had to fly back to nationalise debt as he did when at a gig in Rome some time back?
I wonder will he bring us back a parrot?
*La ultíma día* surely??
have your say