Paudie Coffey (Waterford, Fine Gael) | Oireachtas source

NAMA was established with a commercial mandate but it has also been expected to deliver a social dividend through its housing output. Of the 6,574 units identified by its officials, demand has been confirmed for 2,526, which is a substantial social housing offering. Negotiations and approvals relating to these units involve approved housing bodies, local authorities, the property owners, financial institutions, receivers and other relevant parties.

As announced on budget day, the Minister for Finance asked NAMA to carry out an analysis of development sites controlled by its debtors and receivers with a view to identifying the scope for substantially increased residential delivery in the period up to 2020. The agency is not becoming a developer nor will it build houses. It will ensure the delivery of these units through continued work with its debtors to agree development plans, secure planning permissions and fund the delivery of these residential units.

See this speech in context