NAMA homes and cost rental
Deputy O'Callaghan criticised NAMA over vacant homes and said Government targets for cost-rental and affordable housing were not being met. The Taoiseach replied that Dublin City Council had declined the apartments and later said the State was doing cost rental before the exchange was cut off.
I raise the issue of NAMA and the sale of homes to investment funds. Building defects do not explain why the homes in question - 26 apartments - were left empty for almost a decade. They do not explain the length of time involved. It should not take so long.
The Government is not meeting its target for the delivery of cost-rental and affordable homes. The target is so far off that the Government did not even publish information on it in the report on Housing for All released today. NAMA has almost €2 billion in reserves and holds 577 ha. That is enough land on which to build approximately 80,000 homes. Why is NAMA selling off homes to investment funds? Will the Government direct NAMA to prioritise cost-rental and affordable social homes?
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NAMA asked Dublin City Council if it was interested in those apartments and received a negative answer.
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What about cost-rental and affordable homes?
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Why are they not being sold for cost-rental and affordable housing?
