Dáil Éireann Debate, Wednesday - 3 February 2010
158 Deputy Aengus Ó Snodaigh asked the Minister for Finance if he envisions the National Asset Management Agency receiving some form of income from the State for the purposes of the provision of social housing. [5102/10]
Amharc ar fhreagraNAMA has a commercial remit and generating a return for taxpayer's money is a key objective. However, within this context NAMA could seek to facilitate public bodies seeking the creation of desirable developments that encourage vibrant sustainable communities. I have previously indicated that such bodies could be given first option on NAMA properties for a limited period.
Where it can be shown that providing units for social and affordable housing needs can create a commercial proposition for NAMA, then NAMA may play a role in the provision of social and affordable housing. Indeed I am informed that the Department of Environment, Heritage and Local Government has had initial contact with NAMA to explore such arrangements. However, responsibility for social housing will remain with the Minister for Environment, Heritage and Local Government and any money provided by the Government for this purpose will be done through the vote for the Department of Environment, Heritage and Local Government.
