Some good news on the housing crisis as the National Assets Management Agency says it is on course to deliver 20,000 residential units by the end of 2020.
By the end of last year the organisation had delivered 2,000 homes for social housing. Since 2014 it has funded construction of 2,800 new homes. The agency has made a profit each year since 2011.
Commenting today, NAMA Chief Executive Brendan McDonagh told RTE:
“We continue to make excellent progress in achieving what the Oireachtas asked us to achieve – eliminating a €30.2bn contingent liability for the taxpayer and maximising the financial return from our assets.
“We are also on course to deliver a significant surplus for the taxpayer over NAMA’s lifetime, in addition to fulfilling our more recent mandates of delivering 20,000 new homes where they are most needed and world-class offices and commercial space in the Dublin Docklands.”