It is reported land taken over by Nama after the banking crash will be freed up to build new homes.
The Finance Minster Michael Noonan wants to shake up the agency's role to help ease the housing crisis.
He looks set to change the role of the National Asset Management Agency to a home builder, as part of a package of measures to ease the crisis and kick-start construction of new homes.
Meanwhile, it is unlikely the Government will offer incentives for first-time buyers in the 2016 Budget.
Mr Noonan has urged the Central Bank to review the caps in place for those trying to buy their first home.
However, it is reported the Central Bank has no plans to carry out a special review.