Written answers
Tuesday, 15 January 2019
Department of Finance
NAMA Property Construction
Fiona O'Loughlin (Kildare South, Fianna Fail)
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193. To ask the Minister for Finance the number of homes constructed which have been funded by NAMA; the number of these that have been sold by local authority and year; and if he will make a statement on the matter. [54454/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised that, from Q1 2014 to Q4 2018, NAMA funded the construction of 9,669 new residential units in Ireland on residential development land under the control of its debtors and receivers. It is important to note that NAMA can only fund developments which are under the control of its debtors and receivers and which are commercially viable.
The breakdown by local authority area and year of the residential units funded by NAMA to end-December 2018 is set out in the following table.
Unit Delivery by year and Local Authority
| 2014 | 2015 | 2016 | 2017 | 2018 | Total | |
|---|---|---|---|---|---|---|
| DLRCC | 345 | 90 | 586 | 680 | 814 | 2515 |
| SDCC | 558 | 243 | 218 | 389 | 187 | 1595 |
| Fingal Co. Council | 115 | 333 | 386 | 399 | 352 | 1585 |
| DCC | 241 | 99 | 182 | 258 | 444 | 1224 |
| Cork Co. Council | 65 | 72 | 235 | 257 | 242 | 871 |
| Kildare Co. Council | 52 | 56 | 145 | 205 | 250 | 708 |
| Wicklow Co. Council | 10 | 57 | 73 | 143 | 141 | 424 |
| Galway City Council | 26 | 68 | 82 | 49 | 225 | |
| Meath Co. Council | 51 | 29 | 31 | 10 | 31 | 152 |
| Cork City Council | 12 | 41 | 13 | 66 | ||
| Laois Co. Council | 71 | 4 | 75 | |||
| Wexford Co. Council | 52 | 4 | 56 | |||
| Kilkenny Co. Council | 26 | 16 | 42 | |||
| Clare Co. Council | 8 | 6 | 23 | 37 | ||
| Monaghan Co. Council | 36 | 36 | ||||
| Waterford Co. Council | 5 | 16 | 13 | 34 | ||
| Galway Co. Council | 16 | 8 | 24 | |||
| Totals | 1502 | 1029 | 2117 | 2503 | 2518 | 9669 |
It is NAMA policy that units delivered through its residential delivery programme are openly marketed for sale. I am advised that, in the market conditions which have prevailed since 2014, NAMA debtors and receivers have not experienced any major delays in selling completed units. Accordingly, while the information set out in the tables above relate to completed units, I am advised that it corresponds closely to sales data.
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