Coalition alarm at Nama property scheme - The Irish Times - Wed, Sep 28, 2011
Hopefully the government continues to see sense and not be fooled by NAMA gimmicks and sleight of hands to obscure the true price of property in IrelandIt could also prevent homebuyers from realising their homeownership aspirations by preventing prices falling further.
Nama is hoping to launch its "deferred purchase" scheme on a trial basis later this year by arranging the sale of about 750 homes.
The agency does not need Government approval for the scheme to proceed, but says it "wants to bring all relevant stakeholders into the process".
In a letter to Minister for Finance Michael Noonan last month, Minister for Housing Willie Penrose warned that "activating the market through incentives . . . appears to run counter" to Government policy.
A Nama spokesman said its plans were "not an attempt to call the bottom of the market".