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NAMA Social Housing Provision

Dáil Éireann Debate, Wednesday - 12 June 2013

Wednesday, 12 June 2013

Questions (61, 67)

Sandra McLellan

Question:

61. Deputy Sandra McLellan asked the Minister for the Environment, Community and Local Government if he will provide an update in the delivery of the National Asset Management Agency social housing; the cost to date to the State; and the amount it is estimated that the return of each unit will cost local authorities when the leasing arrangement ends. [27056/13]

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Jonathan O'Brien

Question:

67. Deputy Jonathan O'Brien asked the Minister for the Environment, Community and Local Government the number of units from the National Asset Management Agency housing stock that have been taken under control by local authorities; and the number that are occupied at this moment in time. [27057/13]

View answer

Written answers

I propose to take Questions Nos. 61 and 67 together.

To the end of Quarter 1 2013, the transition of 263 properties from the NAMA portfolio has been completed, with contracts signed in respect of a further 76 properties. All but 24 of the 263 completed units are being made available for people deemed by the local authorities to be in need of housing. These 24 units were part of a project of 58 apartments delivered in Sandyford with the other 34 apartments delivered for social housing use. The 76 contracted properties are units where a local authority or approved housing body has signed legal contracts to take possession of properties once fitting out or other works have been completed. These works are ongoing. In addition, a further 1,198 housing units are either under consideration or under negotiation.

The current average cost of NAMA units brought into operation to date is €820 per unit per month. There is no cost to the State for an authority or approved housing body when returning a unit to its owner, if it is returned in the same condition, less fair wear and tear, as when leased.

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