I propose to take Questions Nos. 431 and 432 together.
I refer to the reply to Question No. 549 on 11 January 2012.
The properties under consideration 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. Once a demand has been identified, NAMA will make contact with the relevant property owner/receiver to determine if the properties are still available and to discuss how these properties can be best utilised.
It is expected that the majority of suitable properties will be secured through leasing arrangements with the property owners/receivers. Such arrangements will be determined on a case by case basis, and will involve either a local authority or an approved housing body as the prospective social housing provider depending on the particular circumstances in each case.
The Housing Agency is working with housing authorities and NAMA to determine whether there is a social housing demand for the properties identified. Where a demand is identified, this information will be provided to NAMA and arrangements will be made to secure as many of the suitable properties as possible for social housing.