NAMA does not own any residential properties in Northern Ireland and, consequently, is not engaged in the direct sale of such properties, whether for social housing or other purposes. Where residential property is held as security for debts owed to NAMA it is legally owned by debtors. The number of units held as security is less than 1,000. The sale of such property is conducted by debtors or, in the case of enforcement, on their behalf by duly appointed Receivers/Administrators.
In its role as a secured lender, NAMA facilitates engagement between its debtors/receivers and local authorities and approved housing bodies in Northern Ireland around the purchase and long-term leasing of residential property for social housing provision. This has facilitated transactions including:
- The sale of a site in Newcastle to North West Housing Association
- The sale of 20 apartments at Throne View, Belfast to Oaklee Housing Association
- The sale of 31 apartments at King Street, Belfast to Oaklee Housing Association
- The sale of 6 apartments in Bangor to Fold Housing Association
- Option to Clanmill Housing Association in relation to the Hilden Mill site, near Lisburn
NAMA is working with the Northern Ireland Federation of Housing Associations and its members to assist, in the way described, delivery of the Social Housing Development Programme in Northern Ireland.