Dáil Éireann Debate, Thursday - 3 May 2012
37 Deputy Seán Crowe asked the Minister for the Environment, Community and Local Government the rent scales and terms which he plans to be part of lease agreements with the National Asset Management Agency developers’ properties being used for social housing. [22172/12]
View answerThe units being advanced through NAMA will in general be provided through the Social Housing Leasing Initiative under the standard terms and conditions that apply. It is not possible at this stage to estimate the cost of leasing these properties. Lease costs are determined by negotiation using a standard discounted market price which may vary to reflect the circumstances of a particular case and the terms of the contractual agreement. I can say that the current average annual cost of units leased from the private or voluntary sector under the leasing scheme generally is approximately €7,400.
