We cannot solve housing crisis by ourself, says Nama chair

The State’s bad bank, Nama, has claimed that it cannot solely solve the housing crisis, despite stiff criticism of its policies.

Nama chairman Frank Daly, speaking at the Oireachtas Housing Committee yesterday, said anyone who thinks the agency can solve the housing crisis alone is mistaken.

He claimed that 88% of its housing stock had been sold to individuals and not vulture funds.