NAMA to make nearly 700 houses available for social housing

NAMA to make nearly 700 houses available for social housing

NAMA is set to make almost 700 houses available for social housing.

Housing Minister Jan O’Sullivan told the Dáil this afternoon that NAMA was currently identifying suitable units.

Ms O’Sullivan said that to date over 2,000 units had been examined.

Of that 697 were deemed unsuitable by housing authorities while another 344 properties were withdrawn due to a change of circumstances.

She said discussions and negotiations had commenced in respect of nearly 700 properties involving approved housing bodies, local authorities, property owners, financial institutions, receivers and other relevant parties. The Limerick-based TD also said that there was currently a demand for over 1,000 units.

It is hoped that the State can begin assigning tenants to the properties in the second half of the year.

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