Oireachtas Joint and Select Committees
Thursday, 13 July 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of Operations and Functioning of NAMA: Discussion
9:30 am
Mr. Brendan McDonagh:
We offer those houses for a certain period. Sometimes we hold them for up to a year for the housing agencies and local authorities but eventually, if they are not taken up, they will be sold, either as individual units or as whole apartment blocks as the case may be. We had 16,000 units in our portfolio at the beginning. We now have approximately 4,000 units left. I saw the most recent figures yesterday evening and of those 4,000, there are only 72 vacant units. They are rented into the private sector and are fractional because tenants move out and new tenants move in.
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