Dáil Éireann Debate, Wednesday - 3 February 2010
132 Deputy Joanna Tuffy asked the Minister for Finance if he will confirm comments (details supplied) that the National Asset Management Agency will rent properties for the purpose of social housing with a return in line with NAMA’s mandate; and if he will make a statement on the matter. [5335/10]
View answerNAMA has a commercial remit and generating a return for taxpayer's is a key objective. However, within this context NAMA could seek to facilitate public bodies seeking the creation of desirable developments that encourage vibrant sustainable communities. I have previously indicated that such bodies could be given first option on NAMA properties for a limited period.
Where it can be shown that providing units for social and affordable housing needs can create a commercial proposition for NAMA, then NAMA may play a role in the provision of social and affordable housing. Indeed I am informed that the Department of Environment Heritage and Local Government has had initial contact with NAMA to explore such arrangements.
