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. More detailed information on this engagement, including a breakdown of units delivered, by local authority, is available on the website of the Housing Agency at www.housing.ie/NAMA.
Since the process began, up to end of September 2015, a total of 1,600 NAMA residential properties have been delivered for social housing use, comprising of 1,241 completed properties and a further 359 contracted where completion work is on-going. A further 486 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 is being carried out. An additional 440 properties are to be further appraised.
In the four Dublin local authorities, almost 650 housing units have been delivered through this process and I am satisfied that all those involved are committed to securing social housing delivery to meet identified need. I am also confident that the number of units delivered will continue to increase as the work continues.