Tuesday, 27 May 2014

Questions (165)

Joe Higgins

Question:

165. Deputy Joe Higgins asked the Minister for Finance if the National Asset Management Agency has been required to take any urgent, special steps to make suitable accommodation available to deal with the crisis of homelessness. [23244/14]

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Written answers (Question to Finance)

The Deputy may be aware that NAMA has identified over 4,600 residential properties, controlled by its debtors and receivers, as being available and potentially suitable for social housing provision. Local authorities, working through the Housing Agency, have confirmed demand for just over 1,800 of these properties. To end-March 2014, 684 of these 1,800 residential properties had been delivered through local authorities and approved housing bodies for social housing. As a means of expediting the delivery of properties for which demand has been confirmed, NAMA established a Special Purpose Vehicle, National Asset Residential Property Services Ltd., to acquire units from its debtors and receivers for onward leasing by approved housing bodies. NAMA has no role in determining which of the units it has made available are ultimately taken up for social housing. This is a matter entirely for the relevant housing bodies. Further details on NAMA's role in supporting the delivery of social housing will be set out in the Agency's Annual Report for 2013, which will be published today May 27th.

NAMA is also making a very significant contribution to the supply of residential properties and has committed to funding the delivery of 4,500 homes in Dublin over the period to end 2016. To put this contribution in context, just over 1,200 new residential units were completed in Dublin in 2013. NAMA is also examining the scope to support the delivery of residential supply beyond 2016.