Michael Kitt (Galway East, Fianna Fail)
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Question 163: To ask the Minister for Finance the position regarding the National Asset Management Agency scheme to effectively guarantee home buyers against future price falls; if the scheme will be extended to other properties outside Dublin, Cork and Meath; and if he will make a statement on the matter. [23980/12]

Michael Noonan (Limerick City, Fine Gael)
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NAMA launched its 80:20 Deferred Payment Initiative on 8 May 2012. This initiative is being made available initially on a pilot basis in respect of 115 houses located in residential developments in counties Dublin, Meath and Cork. Further details on the Initiative including eligible properties are available on NAMA's website, www.nama.ie. I am informed by NAMA that the pilot scheme will be subject to an evaluation as to its outcome and that it may in future extend the Initiative to additional residential units and, if so, it is envisaged that these would be located across the range of regions in which its debtors control units which may be suitable.