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Cllr Francis Timmons – Independent Voice

NAMA Units

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, April 11, 2016

QUESTION NO.16

QUESTION: Councillor F. Timmons

To ask the Chief Executive for a report on how many houses / accommodation units SDCC turned down from NAMA and the reasons for same?

REPLY:

Consideration was given to a number of properties offered by NAMA as possibly suitable for social housing. Of the 591 put forward by NAMA as possibly suitable 131 are either transacted or in the process. A further 18 are under active consideration but not yet finalised. Most were deemed not suitable either being unfinished developments or not started or in such large lots they were not considered sustainable. The Council has dealt with NARPS in relation to leasing of a number of units and continues to work with them on other possibilities. NAMA established a Special Purpose Vehicle, NAMA Asset Residential Property Services Limited (“NARPS”), to acquire residential units from its debtors and receivers and to lease / sell them directly to approved housing bodies/Local Authorities.