Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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61. To ask the Minister for Finance the amount NAMA has made available to developers in loan facilities to complete projects by year up to the end of quarter 2 of 2020. [25841/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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Since its inception, NAMA has advanced capital funding to its debtors and receivers in cases where it can be shown that such funding will enhance or protect the value of the assets securing NAMA’s loan portfolio. Subject to commercial viability, NAMA funds capital expenditure for the planning, design and construction of new residential and commercial projects. NAMA also funds infrastructure, as necessary, to facilitate these developments. Additionally, NAMA provides funding for essential remediation works to existing assets or to improve the income producing and disposal potential of assets.

The table below shows the breakdown of capital expenditure funding by year since inception. A total of €3.8 billion has been advanced to end-June 2020 for new and existing projects. All of this funding is procured from within NAMA’s own resources without any reliance on Exchequer funding.

Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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62. To ask the Minister for Finance the amount NAMA has paid out to date for repair and maintenance of properties in its portfolio. [25845/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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I wish to advise the Deputy that NAMA may provide funding to its debtors and receivers to protect and enhance their assets so as to optimise their income-producing potential and disposal value. This is in accordance with section 10 of the NAMA Act which states that NAMA is required to protect or enhance the value of its acquired assets and to obtain the best achievable financial return for the State.

NAMA advances loans to its debtors and receivers for a range of purposes, including essential expenditure required to ensure that properties are compliant with health and safety requirements, and remediation works so as to enable unfinished or defective housing to be brought to a habitable standard.

I am advised that from inception to end-August 2020, NAMA has provided approximately €131m for remediation works on property securing its loans. This figure includes funding for works completed, in progress or approved but yet to commence.