Nama has €1.2bn in funding reserves and 577 hectares of residential development land.
The landholding and cash reserves of NAMA are capable of delivering 81,000 homes, according to a Kildare based expert in housing.
Nama has €1.2bn in funding reserves and 577 hectares of residential development land.
Having been established in the wake of the 2008 economic crash,to take the toxic loans and associated assets off the Irish banks, it is now debit free.
In @RebootPod podcast we discuss scandal of NAMA's continued sale of land & property to cuckoo investor funds & failure to use its land for affordable housing & how Minister for Finance has the power to change NAMA's direction under the 2009 NAMA Act. Out now on spotify etc! https://t.co/Dt18g9xCJS
— Rory Hearne (@RoryHearneGaffs) October 19, 2021
NAMA has 1,300 units under construction and almost 7300 units with planning permission
Futhermore, it states that it has sites that could provide 11,000 units but it is not building these homes as it does not deem it ‘commercially viable’.
Dr Rory Hearne is Assistant Professor in Social Policy at the Department of Applied Social Studies at Maynooth University.
He joined Clem Ryan on Tuesday's edition of Kildare Today.
NAMA, a state agency has land that could accommodate 80,000 homes & yet it is selling property to cuckoo funds. In my article in todays @irishexaminer I explain how NAMA could & should be used to provide affordable homes. A thread; #housingcrisis https://t.co/iogiI3is8v
— Rory Hearne (@RoryHearneGaffs) October 18, 2021
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