Homes being transferred by Nama for social housing are already used for that purpose

Brendan McDonagh, Nama Chief Executive, said that delivering upon the 2,400 units in Nama's stock that currently have planning permission or are under construction will be “very challenging” as the agency can only support projects which will achieve a profit. Photo: RollingNews.ie

A supply of 1,400 homes which the National Asset Management Agency (Nama) was due to transfer for social housing use under the Government’s Housing For All plan is already being used for that purpose.

Nama was before the Public Accounts Committee where it emerged that the 1,400 homes in question had previously been leased to approved housing bodies (AHBs) and are already occupied.