Nama to fast-track delivery of housing

An unfinished housing estate in Co Cork will be the first to benefit from a new Nama initiative to fast-track the delivery of social housing in so-called ghost estates.

The first contract of its kind signed, it involves a social housing agency leasing Nama-controlled properties in an estate in the Cobh area to approved applicants.

It is part of a new partnership between Nama and the National Association of Building Co-Operatives (Nabco) — a countrywide federation for the cooperative housing sector — to tackle the problem of unfinished housing estates.