Tuesday, 4 February 2014

Questions (481, 487)

Dessie Ellis

Question:

481. Deputy Dessie Ellis asked the Minister for the Environment, Community and Local Government the number of National Asset Management Agency housing units that are now occupied; and the status of all other identified NAMA units for social housing. [5613/14]

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Dessie Ellis

Question:

487. Deputy Dessie Ellis asked the Minister for the Environment, Community and Local Government the amount the National Asset Management Agency housing scheme has cost the State to date; and the amount it is expected to cost over the lifetime of the scheme. [5619/14]

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Written answers (Question to Environment)

I propose to take Questions Nos. 481 and 487 together.

Information in relation to the delivery of NAMA sourced units, including a full breakdown by county of units delivered by quarter, is available on the Housing Agency’ s website: www.housing.ie/NAMA. By the end of December 2013, of the 4,374 units identified by NAMA as being potentially suitable, some 2,055 units have been confirmed by local authorities as being suitable for social housing. Completed housing unit transfers stand at 492, with a further 104 units contracted and w ith completion work on-going. This brings the overall total deliv ery of social housing from NAMA- sourced units to 596 units (completed or contracted) since the process began.

Units acquired from NAMA are brought into s ocial h ousing using a number of existing delivery mechanisms including the Social Housing Investment Programme, the Capital Acquisition Scheme and the Social Housing Leasing Initiative. These are existing funding mechanisms and my Department does not distinguish the financing of NAMA-s ourced units from other sources of social housing supply. To the end of December 2013 the Social Housing Leasing Initiative, including NAMA-sourced units, has delivered 4,600 units for social housing use and expended some €66.4m in leasing costs since its introduction in 2009. The current average per-unit cost of Social Housing Leasing Initiative units is just over €502 per month.

Question No. 482 answered with Question No. 418.