Enda Kenny (Mayo, Fine Gael) | Oireachtas source

NAMA is already working to facilitate delivery of substantial housing beyond 2016 and in this regard funding its debtors and receivers to progress two projects through design, pre-planning and planning processes consistent with the priorities set out in the local development plan.

Deputy Coppinger will be aware of the complete collapse of the construction sector. We were building 90,000 houses per year but it dropped to 8,500. The Deputy can understand the loss of 100,000 construction workers and what it meant. While the base is very low, strong growth in housing activity is evident, particularly in Dublin. At a national level, activity is moving closer to projected requirements, with just over 11,000 units completed last year. Some 2,629 were completed in the first quarter of this year, an increase of 26% on the same period last year. This masks serious deficits in Dublin, where just 3,268 units were completed in the four Dublin local authorities in 2014. This comprises 1,487 houses and 1,781 apartments. NAMA facilitated the delivery of 1,362 units in 2014, representing more than 40% of the total new housing output in Dublin. The Deputy can understand that the Housing Agency projected a requirement last year in Dublin of 5,400 units, to rise in subsequent years, with other estimates in the order of 6,000 to 8,000 units per annum.

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