Dáil Éireann Debate, Thursday - 18 January 2018
46. Deputy Dara Calleary asked the Minister for Finance the amount of funding provided under the capital plan for the NAMA 4,500 new residential units in the Dublin area; the amount spent to date; the number of homes completed; the number of homes to be provided from 2017 onwards; the cost of these; and if he will make a statement on the matter. [2521/18]
View answerNAMA is working to maximise the number of housing units delivered from sites owned by its debtors and receivers. In this respect, NAMA gave an undertaking to my predecessor in late 2013 that it would aim to fund the delivery of 4,500 residential units by end-2016. This target was exceeded with 4,700 homes delivered by end-2016.
NAMA remains committed to maximising residential delivery from sites controlled by its debtors and receivers and it aims to facilitate the delivery, through the provision of funding and otherwise, of up to 20,000 new residential units in Ireland by 2020, subject to commercial feasibility.
Since 2014, NAMA has funded the construction of an estimated 7,200 new residential units in Ireland on residential development land securing its loan portfolio. As at end-December 2017 an additional c.2,500 units were currently under construction by NAMA-funded developers and receivers. Planning permission has been granted for an estimated additional 7,000 units and planning applications have been lodged, or will be lodged within 12 months, for an additional c.8,500 units.
NAMA has funded the delivery of these units from its own resources and no funding has been provided to NAMA under the capital plan for this purpose.
