Dáil Éireann Debate, Tuesday - 23 September 2014
481. Deputy Michael P. Kitt asked the Minister for the Environment, Community and Local Government the number of residential units available through the National Asset Management Agency nationally and to each local authority; the number of units that have been taken up by each local authority to date; the total figure involved; and if he will make a statement on the matter. [35245/14]
View answerMy Department works closely with NAMA, the Housing Agency, local authorities and approved housing bodies in relation to the delivery of social housing. Since the process began in December 2011, NAMA has identified some 5,294 residential properties controlled by its debtors and receivers under this initiative as being potentially available for social housing. Local authorities have confirmed that 1,604 of the properties identified are considered unsuitable by reference to sustainable planning and housing policy or are located in areas with no demand. A further 1,179 units originally identified as available were subsequently discovered by NAMA to be unavailable as the units had already been sold or leased by their debtor in accordance with their strategy for repaying their debt, or became unavailable when the loans associated with these properties were sold and NAMA no longer hold an interest. The potential of a further 540 units is being evaluated.
Of the current 1,971 available properties for which a social housing demand has been confirmed by the local authorities, 736 have been delivered for at the end of June 2014. This figure included 531 complete and operational units and 205 units where contracts had been signed and final completion works were under way. A breakdown by Authority is provided in the table below. A further 603 properties are considered as being active transactions whereby terms are agreed or active negotiation is on-going by all parties concerned or where a detailed appraisal (i.e. determining the most likely delivery mechanism) is being carried out.
The process to source NAMA units requires agreement between several parties and operates is subject to a range of legal and financial constraints. Within this context significant progress has been made . The introduction of the National Asset Residential Property Services Limited (NARPSL) special purpose vehicle (SPV) has aided delivery with some 367 units were delivered in 2013 alone, almost a doubling of what had been delivered in the previous full year of operation. Efforts to source as many suitable properties as possible through this process are on-going, including the reviewing of units previously deemed unsuitable . Information in relation to the delivery of NAMA sourced units, including a full breakdown by county, of units delivered on quarterly basis, is available on the Housing Agency’s website: www.housing.ie/NAMA
|
Local Authority |
Identified |
Complete/ Contracted |
|
Carlow Co. Co. |
137 |
55 |
|
Cavan Co. Co. |
49 |
- |
|
Clare Co. Co. |
202 |
7 |
|
Cork City |
419 |
53 |
|
Cork Co. Co. |
471 |
79 |
|
Donegal Co. Co. |
118 |
- |
|
Dublin City |
790 |
171 |
|
Dún Laoghaire-Rathdown Co. Co. |
321 |
77 |
|
Fingal Co. Co. |
207 |
44 |
|
Galway City |
152 |
60 |
|
Galway Co. Co. |
100 |
1 |
|
Kerry Co. Co. |
114 |
15 |
|
Kildare Co. Co. |
243 |
64 |
|
Kilkenny Co. Co. |
167 |
5 |
|
Laois Co. Co. |
98 |
- |
|
Leitrim Co. Co. |
35 |
- |
|
Limerick City & County |
128 |
9 |
|
Longford Co. Co. |
31 |
- |
|
Louth Co. Co. |
27 |
27 |
|
Mayo Co. Co. |
66 |
- |
|
Meath Co. Co. |
215 |
11 |
|
Monaghan Co. Co. |
42 |
- |
|
Offaly Co. Co. |
79 |
- |
|
Roscommon Co. Co. |
91 |
- |
|
Sligo Co. Co. |
46 |
- |
|
South Dublin Co. Co. |
575 |
40 |
|
Tipperary Co. Co. |
47 |
- |
|
Waterford City & County |
72 |
8 |
|
Westmeath Co. Co. |
64 |
8 |
|
Wexford Co. Co. |
152 |
2 |
|
Wicklow Co. Co. |
36 |
- |
|
Overall |
5,294 |
736 |
