Terence Flanagan
Ceist:77. Deputy Terence Flanagan asked the Minister for Finance the measures he is taking to increase housing supply in Dublin; and if he will make a statement on the matter. [10266/14]
Amharc ar fhreagraThursday, 27 February 2014
Ceisteanna (77)
Freagraí scríofa
My Department continues to monitor developments in the housing market. As set out in the Medium-Term Economic Strategy, the Government will continue to work on addressing remaining challenges in the property and construction sectors. This will include developing an overall strategic approach to housing supply, identifying and implementing further improvements in the planning process to facilitate appropriate development, and seeking to improve financing options for development and mortgage provision.
As regards the National Asset Management Agency, NAMA is funding both unfinished housing units and new development. It is estimated that approximately 4,500 residential properties will be completed and available for sale or rent in Dublin over the 2014-16 period through NAMA debtors/receivers or joint ventures involving NAMA. In addition, NAMA is funding the completion of existing properties and new residential developments in the main urban areas to which it has an exposure. NAMA is working closely with the various local authorities in this respect. NAMA has indicated that in many instances, planning issues and other obstacles need to be resolved to facilitate the delivery of new residential supply.