NAMA To Fund 4,500 New Homes

NAMA will fund the delivery of 4,500 new homes up to the end of 2016 in Dublin its CEO Brendan McDonagh announced at The National Housing Supply Conference.

It is also progressing sites linked to its debtors and Receivers through design and planning processes with a potential to deliver up to a total of 25,000 new homes

Mr McDonagh said that 2,000 new NAMA-funded homes are currently under construction and identified 12 areas in Dublin where construction is now ready to commence on a further 1,000 homes.


In his presentation Mr McDonagh said that an analysis by the Agency showed that sites controlled by NAMA debtors/Receivers could deliver 40% of the demand for houses in Dublin identified in a recent study by the ESRI. The ESRI has calculated demand for approximately 7,000 houses in Dublin annually up to 2020.

Mr McDonagh said that NAMA has adopted a tiered approach to debtor and Receiver housing sites; all sites linked to loans held by the Agency have been reviewed and categorized into Tier 1, Tier 2 and Tier 3 sites depending on the extent to which they are "shovel-ready".

(CD/MH)