My Department continues to work closely with NAMA, the Housing Agency, local authorities and approved housing bodies in relation to the delivery of social housing. NAMA has made significant numbers of housing units available through the Housing Agency to local authorities and approved housing bodies for social housing. This includes units provided through the NAMA special purpose vehicle, the National Asset Residential Property Services . Information in relation to the delivery of NAMA sourced units, including a full breakdown by county, of units delivered on a quarterly basis, is available on the Housing Agency’s website at www.housing.ie/NAMA. Since the process began in December 2011 up to the end of December 2014, 1,068 NAMA-sourced units have been delivered nationally through all delivery mechanisms. A further 686 property transactions are under active consideration whereby either terms are agreed, negotiation is on-going between the parties concerned or where a detailed appraisal (i.e. determining the most likely delivery mechanism) is being carried out.
In the Dublin City Council area 813 units have been identified of which 409 have had demand confirmed and 336 have completed. I am satisfied that NAMA has facilitated the delivery of social housing to Local Authorities and approved housing bodies through the existing residential stock securing its loans and it has clearly signalled its commitment to doing likewise through its funding for new residential development. I am confident that significant social housing units will continue to be delivered through this process.
