Dáil Éireann Debate, Tuesday - 21 May 2013
295. Deputy Bernard J. Durkan asked the Minister for Finance if known, the extent to which house property disposed of by the National Assets Management Agency has been purchased by first time buyers with a housing need, investors and/or syndicates; and if he will make a statement on the matter. [24390/13]
Amharc ar fhreagra296. Deputy Bernard J. Durkan asked the Minister for Finance the extent to which house properties disposed of by the National Assets Management Agency and purchased by investors or syndicates have been funded by borrowing to facilitate the investments; and if he will make a statement on the matter. [24391/13]
Amharc ar fhreagraI propose to take Questions Nos. 295 and 296 together.
NAMA’s role in relation to properties is, like a bank, that of a secured lender. NAMA does not own nor does it sell properties securing its loans. Rather, the sale of such properties is managed by NAMA debtors or the receivers, if one is in place.
I am advised by NAMA that it does not have access to the data on purchasers of residential properties sold by NAMA debtors and receivers that the Deputy has sought. However, the Deputy may be aware that purchasers of residential properties under NAMA’s 80/20 Deferred Payment Initiative, which has to date been made available in respect of over 400 properties and which the Agency expects to extend on a phased basis to 750 properties, must confirm that they are owner occupiers in order to the avail of the Initiative’s price protection. In addition, NAMA has made over 4,000 houses and apartments available through the Housing Agency to local authorities and Approved Housing Bodies for social housing and is working in conjunction with the Minister for the Environment, Community and Local Government and the Minister for Housing and Planning to ensure the greatest possible delivery of these properties for social housing in line with identified demand by the relevant local authority/AHB.
Furthermore, I am advised that NAMA does not have access to the investment goals or data on the sources of funding used by purchasers of properties.
