Revealed: State's bad bank - also known as NAMA - has delivered 49 social housing units in Carlow

The figures were revealed at a Public Accounts Committee meeting

Darren Hassett

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Darren Hassett

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news@carlowlive.ie

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The State's bad bank - also known as the National Asset Management Agency - has delivered 49 social housing units in Carlow, according to Brendan McDonagh Chief Executive Officer of NAMA.

At a recent meeting of the Public Accounts Committee, in response to Carlow/Kilkenny TD, Bobby Aylward, Mr McDonagh said: "In Carlow, we have delivered 49 social housing units. In Kilkenny, we delivered 56 social housing units."

A Parliamentary Question in December of last year on NAMA's social housing output for years 2011 to 2017 revealed that in Carlow there were 193 NAMA dwellings identified by the bad bank for social housing.

The figures then show that “demand” was confirmed for 115 of these residential properties with a total of 103 secured to the end of September last year. 

However, Mr McDonagh confirmed last week that they had in fact delivered only 49 social housing units. 

The same PQ revealed that in Kilkenny there were 189 NAMA dwellings identified by the bad bank for social housing.

The figures then show that “demand” was confirmed for 69 of these residential properties with a total of 56 secured to the end of September last year which is in keeping with Mr McDonagh's statements last week. 

The Minister for Housing said at the time that the figures are available on a cumulative basis and a breakdown per annum “is not available”.

At the recent meeting of the PAC, Deputy Aylward said: "I will ask NAMA about the twenty-six counties. I note where NAMA has no land in 12 counties. In my constituency, it has land in Kilkenny but not in Carlow. Why so?

"Has NAMA no property or land in any of those 12 counties or are they merely being excluded?

"It appears that no residential units are projected to be delivered by 2020 in 12 of the twenty-six counties. I am asking why are those 12 counties not involved."

In response, Mr McDonagh said: "In some counties we just did not have any land. At other times, the local authorities said they had no demand for it.

"Most of the land left in our portfolio is in Dublin, Meath, Kildare, Wicklow, Louth, Galway and Cork. That is where our portfolio is concentrated. About 98% of our portfolio is concentrated on those counties."