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NAMA Property Sales

Dáil Éireann Debate, Tuesday - 11 July 2017

Tuesday, 11 July 2017

Questions (122)

Mick Wallace

Question:

122. Deputy Mick Wallace asked the Minister for Finance the number of sites and units NAMA has sold to a charity (details supplied) in each of the years from 2010 to 2016 and to date in 2017; the costs associated with same; the type of sale, private treaty or through National Asset Residential Property Services, NARPS; and if he will make a statement on the matter. [32118/17]

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Written answers

The Deputy will be aware that NAMA, through its continued engagement with the Department of Housing, Planning & Local Government, has played a very important role in facilitating, on a commercial basis, the supply of social housing from within its existing portfolio.

To end-June 2017, NAMA had delivered 2,398 properties for social housing use to both local authorities and approved housing bodies. Of this, 590 units have been delivered to Clúid. This excludes any units which may also have been delivered by NAMA debtors or receivers through Part V provision.

Of the 590 units delivered to Clúid, 202 properties were by way of lease from NARPS, with the balance of 388 units delivered through direct sale by NAMA debtors or receivers. All such transactions are conducted on a commercial basis in line with NAMA’s legislative mandate. NAMA is not in a position to provide commercially sensitive information such as costs associated with these transactions.

The annual breakdown of units delivered to Clúid is provided in the following table. A full breakdown of NAMA delivery of social housing, by area and approved housing body, is published quarterly at https://www.nama.ie/social-initiatives/social-housing/.

Year

No. of units delivered to Clúid

2017

0

2016

45

2015

138

2014

189

2012-2013

160

2011

58

Total

590

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