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Hearne: NAMA Has Enough Land & Financing To Build 80,000 Homes

Stock image: Shutterstock

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.

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.

 

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