When was nama set up

It was building, or had planning permission for, a further 9,, while another 9, were in the planning system. At the same time, it was doing feasibility studies on sites with the capacity to hold 17, further homes. While it originally committed to building 20, houses, the agency has signalled that it will go beyond that figure if necessary.

While most of that work is focused on building offices, those plans also provide for about 2, apartments. It is also planning to redevelop the site of the old Irish Glass factory in Ringsend in Dublin.

This will involve a large number of homes and there is political pressure to include a significant proportion of social housing on this property. It acquired this expertise as it went along. It now has a specialist housing division with staff who have a background in this area. Its head of residential delivery is John Collison. Yes, but the law establishing the agency does not say when this should happen.

The Government has faced calls from the opposition and elsewhere to turn Nama into a housing agency, so the news should be welcomed in some quarters. This is not clear yet. Nama itself has not commented, but as it is a State agency, it will ultimately have to do what the Government asks. Any change to the law will have to be dealt with by the Oireachtas. Read next:.

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