John Perry (Sligo-North Leitrim, Fine Gael)
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Question 43: To ask the Minister for Finance if he expects the National Asset Management Agency to accommodate social objectives in the course of its work; and the way these objectives will be established and funded. [24767/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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NAMA has a commercial remit and generating a return for the taxpayer is a key objective. However, within this context NAMA will 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 for a limited period on properties which NAMA has acquired. 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. I understand that officials of NAMA have had some contact with officials of the Department of Environment Heritage and Local Government, local authorities and other public bodies to explore the scope for such arrangements.