Nama has not spent almost two-thirds of the €4.5 billion it had promised for new home building.
Michael Noonan, the former finance minister, announced in his budget speech in October 2015 that Nama would use this funding to deliver 20,000 homes by the end of 2020.
However, Nama has only spent €1.7 billion of the €4.5 billion promised on delivering new homes during the past five years, according to figures obtained under the Freedom of Information Act.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team