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Minister Hogan must demand social dividend from NAMA – Ellis

13 September, 2011 - by Dessie Ellis TD


Sinn Féin spokesperson on housing, Dessie Ellis TD, has said that comments by Environment Minister Phil Hogan that he is unhappy with NAMA’s failure to house people as “hypocritical and useless”.

Deputy Ellis called for the government to use its influence and demand a social dividend from the agency.

Deputy Ellis continued:

“People are really struggling and we have huge waiting lists for housing across the country, especially in Dublin. The government is forking out over half a billion euro a year in Rent Supplement and the RAS scheme which is supplementing landlords but not providing long-term sustainable housing solutions.

“Some developers who abandoned lucrative social housing regeneration projects are now being supported by NAMA, but those who have been left in terrible housing conditions unfit for human habitation are only to be comforted with useless words from Phil Hogan.

“NAMA has been allowed a free reign so far by the Fine Gael-Labour Coalition with very little asked of them in regard to their social responsibilities.

“Minister Hogan’s comments are entirely useless. If the minister is really serious about tackling the housing crisis he should step up and make sure that NAMA becomes a positive influence. He needs to demand a social dividend from the agency instead of the current setup where it has been only interested in serving developers who were central to the collapse of the economy.”

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