Thursday April 2, 2020

Nama likely to miss target of delivering 20,000 new homes

Agency claims it will reach its goal by the end of this year

Michael Brennan

Political Editor

@obraonain
8th March, 2020
Nama has so far only managed to directly fund the completion of 11,700 homes with ten months to go

Nama is set to miss its target of delivering 20,000 new homes by the end of this year, despite being told to do so five years ago.

Michael Noonan, the former Minister for Finance, announced in his budget speech in October 2015 that Nama had agreed to deliver the homes to address the “market failure” in the sector.

However, Nama has so far only managed to directly fund the completion of 11,700 homes with ten...

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