Mr. Mike Allen:

This is the type of work that the large housing bodies, such as Cluid or Túath would do. The one example with which I am familiar in terms of completing estates involves 40 units in Clare Hall which are about to be provided to a housing association, with support from Focus Ireland, to accommodate families currently occupying emergency accommodation. This is a very welcome development but it is on a scale inappropriate to the nature of the problem.

It is not a social dividend. All are being transferred at the commercial price after all other commercial avenues have been followed. A social dividend would move them from the arm of the State that NAMA represents to public use without pushing the approved housing bodies into debt in order to achieve this.