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NAMA chief says hands are tied on house building

Date:

1st June 2017

News Housing

NAMA say they’ve sold enough land to build 50,000 homes since 2011, but only 3,000 have actually been built.

Their annual report shows just 6% of that land sold has been developed.

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They also say they’ve delivered almost 2,400 units for social housing since 2012.

When asked why NAMA hadn’t built more homes over the past few years, CEO Brendan McDonagh said that legally they couldn’t.

NAMA chief says hands are tied on house building

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