Joanna Tuffy (Dublin Mid West, Labour)
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Question 132: To ask the Minister for Finance if he will confirm comments (details supplied) that the National Asset Management Agency will rent properties for the purpose of social housing with a return in line with NAMA's mandate; and if he will make a statement on the matter. [5335/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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NAMA has a commercial remit and generating a return for taxpayer's is a key objective. However, within this context NAMA could seek to facilitate public bodies seeking the creation of desirable developments that encourage vibrant sustainable communities. I have previously indicated that such bodies could be given first option on NAMA properties for a limited period.

Where it can be shown that providing units for social and affordable housing needs can create a commercial proposition for NAMA, then NAMA may play a role in the provision of social and affordable housing. Indeed I am informed that the Department of Environment Heritage and Local Government has had initial contact with NAMA to explore such arrangements.