Jan O'Sullivan (Limerick City, Labour) | Oireachtas source

To date NAMA has identified more than 3,800 units to be considered for social housing. Of those that have been examined to date, 449 have been deemed unsuitable for social housing by housing authorities. A further 594 have been withdrawn, usually by property owners as circumstances change, for example, when units have been sold or let privately and are no longer available. Another 2,010 units are for examination by housing authorities as to their suitability for social housing purposes.

At present demand has been confirmed for over 735 housing units and these are currently being processed. In addition, 250 units are undergoing preliminary appraisal, with another 400 units currently under negotiation with relevant parties such as approved housing bodies, housing authorities, NAMA, receivers, property owners, etc.. Some 239 of these units have been identified for acquisition by the special purpose vehicle established by NAMA to facilitate the leasing of units.

To the end of September 2012, 133 housing units have been provided by NAMA, with 109 of these units specifically identified for social housing purposes. Of these units, 49 are funded under leasing arrangements with the balance funded through the local authority social housing capital investment programme or by approved housing bodies under the capital assistance scheme.

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