Two thousand housing units under the control of Nama are to be made available to people on social housing lists next year.
It follows a meeting between the Minister for the Environment Phil Hogan and Nama bosses this afternoon.
The units represent a fifth of the total residential housing stock held by Nama.
The properties - which are all new - are under the control of the National Asset management agency.
People on the housing list will be able to access the properties through leasing arrangements with local authorities and volunteer housing associations.
In a statment this evening the Minister Hogan said the decision would "provide hope for individuals and families on social housing lists throughout the country".
There are 98,000 people currently on the social housing waiting list.