Dáil Éireann Debate, Thursday - 2 October 2014
70. Deputy Catherine Murphy asked the Minister for Finance the number of housing associations that have taken advantage of the National Asset Management Agency facility to set up a greater supply of housing; the number properties that have been transferred, broken down by local authority area; the costs incurred in the set up and operation of the special-purpose vehicle to date; and if he will make a statement on the matter. [37543/14]
Amharc ar fhreagraNAMA has, to date, made 5,455 houses and apartments, one third of the completed housing stock held by its debtors and receivers in Ireland, available through the Housing Agency to local authorities and approved housing bodies for social housing. This is almost all of the unoccupied housing stock under NAMA's control. Of the 5,455 properties made available by NAMA, local authorities have confirmed demand for just over 2,000. At end Q2 2014, 736 of the 2,000 properties for which demand has been confirmed by local authorities had been delivered. Once demand is confirmed by local authorities and contracts have been entered into by either local authorities or approved housing bodies, the properties are made immediately available by NAMA, which often involves significant investment by the NAMA to complete outstanding construction work and to address compliance issues. NAMA has, to date, invested €20 million in this way to facilitate the delivery of social housing through this initiative. Details relating to these properties, including the details sought by the Deputy, are available through both the Housing Agency (www.housing.ie) and NAMA (http://www.nama.ie/about-our-work/social-housing/) websites. The figures for Quarter 3 2014 are currently being finalised and will be published within the coming weeks on both websites.
For the Deputy's convenience a breakdown of the delivered units by local authority area and local authority/approved housing body is included in the following table.
Delivery of social housing through NAMA
|
Carlow |
Respond! Housing Association |
55 |
|
Clare |
Banner Housing Association |
3 |
|
Cork |
NABCO (NARPS) |
13 |
|
Cork |
Cork City Council |
53 |
|
Cork |
Clúid Housing Association (NARPS) |
23 |
|
Cork |
Clúid Housing Association |
1 |
|
Cork |
Túath Housing (NARPS) |
12 |
|
Dublin |
Clúid Housing Association |
58 |
|
Dublin |
Circle Voluntary Housing Association |
7 |
|
Dublin |
Clúid Housing Association |
28 |
|
Dublin |
Clúid Housing Association |
40 |
|
Dublin |
HAIL Housing Association |
5 |
|
Dublin |
Fingal County Council |
10 |
|
Dublin |
HAIL Housing Association |
3 |
|
Dublin |
Fingal County Council |
6 |
|
Dublin |
Túath Housing |
20 |
|
Dublin |
Túath Housing (NARPS) |
20 |
|
Galway |
Clúid Housing Association |
13 |
|
Galway |
Túath Housing |
13 |
|
Galway |
Galway City Council |
7 |
|
Galway |
Galway City Council |
15 |
|
Galway |
Brothers of Charity |
1 |
|
Kerry |
Clúid Housing Association |
15 |
|
Kildare |
Túath Housing |
10 |
|
Kildare |
Clúid Housing Association |
35 |
|
Kildare |
Kildare County Council |
8 |
|
Kildare |
Túath Housing |
4 |
|
Kildare |
Túath Housing |
7 |
|
Limerick |
Focus Ireland |
4 |
|
Limerick |
Clúid Housing Association |
5 |
|
Louth |
Túath Housing |
15 |
|
Louth |
Drogheda Borough Council |
12 |
|
Westmeath |
Túath Housing |
4 |
|
Westmeath |
Túath Housing (NARPS) |
4 |
|
Wexford |
Wexford County Council |
2 |
|
Clare |
Banner Housing Association |
4 |
|
Cork |
NABCO (NARPS) |
24 |
|
Cork |
Túath Housing |
6 |
|
Cork |
NABCO (NARPS) |
8 |
|
Dublin |
Clanmil Housing (NARPS) |
8 |
|
Dublin |
Circle Voluntary Housing Association (NARPS) |
60 |
|
Dublin |
Túath Housing (NARPS) |
48 |
|
Dublin |
HAIL Housing Association (NARPS) |
19 |
|
Galway |
Túath Housing |
12 |
|
Kilkenny |
Kilkenny County Council |
5 |
|
Meath |
North & East Housing Association |
11 |
|
Total |
736 |
As the Deputy is aware, NAMA has established a special purpose vehicle, National Asset Residential Property Services Ltd. (NARPS), to expedite the delivery of social housing through this initiative. Through NARPS, NAMA acquires houses and apartments from debtors and receivers and directly leases them to approved housing bodies under long-term leasing arrangements. NARPS has proven to be a very effective method of delivery. I am advised by NAMA that NARPS has incurred set up and ongoing operational costs, including costs incurred in the valuation of properties it has acquired and insurance costs, of €784,000 to 30 June 2014.
