Constant with its overriding commercial mandate as set out in Section 10 of the National Asset Management Agency Act 2009, NAMA has demonstrated its commitment and contribution to the achievement of wider social and economic policy objectives in line with Section 2 of the Act. This includes NAMA's policy to give first option to public bodies on the purchase of property which may be suitable for their purposes. The Agency also works to facilitate engagement between interested parties, including community and sporting organisations, and its debtors/receivers/sales agents and this has led to a number of positive outcomes for both parties.
I am advised by NAMA that in the first instance community groups themselves are best positioned to identify specific properties related to a NAMA loan that may be suitable for their purposes. Such groups are therefore encouraged to make contact with the owners of property and to inform NAMA of their interest. It should be noted that, while NAMA is prohibited by its legislation and by the normal rules of banking confidentiality from disclosing the identity of debtors or details of their properties, the Agency ensures that debtors are aware of interest in their properties and encourages them to engage with potential purchasers.