NAMA Social Housing Provision

Dáil Éireann Debate, Tuesday - 18 December 2012

Tuesday, 18 December 2012

Questions (424)

Maureen O'Sullivan

Question:

424. Deputy Maureen O'Sullivan asked the Minister for the Environment, Community and Local Government the persons that are maintaining the National Asset Management Agency properties; if he will outline the tendering process; and if he will make a statement on the matter. [56323/12]

Written answers

Minister of State at the Department of the Environment, Community and Local Government

The properties identified by NAMA for consideration for social housing purposes are part of the security for loans that NAMA has acquired. In the majority of cases properties remain in the ownership of the original borrowers. The remaining properties are controlled by receivers appointed by NAMA. Once a demand has been identified by the relevant local authority NAMA makes contact with the relevant property owner/receiver to determine if the properties are still available and to discuss how these properties can be best utilised.