Oireachtas Joint and Select Committees

Thursday, 6 December 2012

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 16 - Central Government Funding of Local Authorities

11:10 am

Ms Geraldine Tallon:

As Deputy Nash knows, this has been a source of considerable concern for the Minister and Minister of State with responsibility for housing and both have been very actively engaged with NAMA, as has the Department. NAMA has identified approximately 3,000 units which are potentially suitable for social housing.

These are being assessed by the Housing Finance Agency on behalf of local authorities. We have an expectation overall that we would deliver approximately 4,000 units under social leasing next year. These include property transfers from NAMA. The NAMA units are complex to deal with because they vary between receivers and liquidators. There are many complexities associated with the transfers. We hope for something approximating 4,000 units through social leasing inclusive of NAMA transfers in 2013.

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