Dáil Éireann Debate, Wednesday - 15 July 2015
310. Deputy Thomas P. Broughan asked the Minister for the Environment, Community and Local Government the current list of vacant National Asset Management Agency properties in the four Dublin local authority areas and in Counties Louth, Meath, Kildare and Wicklow; the locations of these properties; the persons and bodies managing these properties; the length of time they have been vacant for; and if he will make a statement on the matter. [29403/15]
View answerThe management of properties, including vacancies, associated with loans that NAMA has acquired is a matter solely between NAMA and the debtor involved. I understand from NAMA that it has an extremely low vacancy level. Properties are either actively on the market for sale or are currently let. Once a property is ready for occupation it is immediately made available to the market by NAMA or, in the case of properties being made available for social housing, is going through/completing the processes necessary to make it available for that purpose. Since December 2011, my Department and the Housing Agency have been engaged with NAMA identifying properties that might potentially be suitable for social housing purposes. It is important to remember that the properties under consideration in this process 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. Therefore, information on individual properties is commercially and legally sensitive and for that reason has not been released to my Department.
Since the process began, up to end of June 2015, a total of 1,386 NAMA residential properties have been delivered for social housing use, comprising 1,083 completed properties, with a further 303 that have been contracted and where completion work is ongoing. A further 624 properties are active transactions whereby terms are agreed, active negotiation is ongoing with all parties concerned, or where a detailed appraisal (i.e. determining the most likely delivery mechanism) is being carried out.
In respect of the local authorities mentioned by the Deputy, the table below sets out the number of units that have been delivered/contracted to date and the number that are currently under active consideration.
|
Local Authority |
Units Completed/Contracted |
Units Under Active Consideration |
|
Dublin City |
363 |
- |
|
DLRD Co. Co |
93 |
- |
|
Fingal Co. Co. |
60 |
46 |
|
Kildare Co. Co. |
93 |
19 |
|
Meath Co. Co. |
29 |
9 |
|
South Dublin Co. Co. |
113 |
8 |
|
Wicklow Co. Co. |
- |
7 |
|
Louth Co. Co. |
27 |
- |
|
Total |
778 |
89 |
