Written answers

Thursday, 21 April 2016

Photo of Frank O'RourkeFrank O'Rourke (Kildare North, Fianna Fail)
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25. To ask the Minister for Finance the number of acres of residential land and the number of residential units the National Asset Management Agency owns or controls, directly or indirectly, through loans owed to it, in County Kildare; and if he will make a statement on the matter. [7983/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I refer the Deputy to my response to Parliamentary Question 72 of 14th April 2016 which enumerates NAMA's indirect exposure through its loans to residential development land by county. This response is available on the Oireachtas website at

I am advised by NAMA that, through its loans, it has an exposure to 137 residential properties in County Kildare. I am further advised that the overwhelming majority of these properties, 127 or 92%, are currently tenanted.  The remaining 10 properties are currently on the market for sale in accordance with NAMA's requirements that debtors and receivers openly market the sale of all properties through professionally accredited selling agents.  As I advised in last week's response to Parliamentary Question No. 73 of 14th April 2016, 88% of all NAMA-related residential property sales in Ireland have been in the form of individual sales to individual house buyers. 

The Deputy may also wish to note that, under an initiative that has seen NAMA facilitate, on a commercial basis, the delivery of over 2,100 social housing units nationally since 2012, NAMA made 298 residential properties available for social housing in Kildare. The Housing Agency, which works with the relevant local authority, confirmed demand for 122 of these properties and 113 have already been delivered. 

A good example of this initiative is the delivery of 35 new two- and three-bed houses at Coneyboro, Athy, County Kildare, for social housing.  I am advised that these units were provided by NAMA through the Clúid Housing Association. The houses were made available to families from the Athy Town Council's housing waiting list.  The beneficiaries extended beyond these new residents as the 35 units were part of a larger, 400-unit development, which, prior to NAMA's involvement, had been in an unfinished estate.  In addition to making these units available for social housing, NAMA provided funding to complete works throughout the estate, including internal roads and green areas.

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