Seán Crowe (Dublin South West, Sinn Fein)
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Question 37: To ask the Minister for the Environment, Community and Local Government the rent scales and terms which he plans to be part of lease agreements with the National Assets Management Agency developers' properties being used for social housing. [22172/12]

Jan O'Sullivan (Limerick City, Labour)
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The units being advanced through NAMA will in general be provided through the Social Housing Leasing Initiative under the standard terms and conditions that apply. It is not possible at this stage to estimate the cost of leasing these properties. Lease costs are determined by negotiation using a standard discounted market price which may vary to reflect the circumstances of a particular case and the terms of the contractual agreement. I can say that the current average annual cost of units leased from the private or voluntary sector under the leasing scheme generally is approximately €7,400.