Tuesday 13 March 2012

NAMA Social housing

A POSITIVE gloss has been put on an announcement that the National Assets Management Agency (Nama) will provide some 2,000 houses and apartments to local authorities for social housing purposes. The outcome will please those fortunate people who stand to benefit from the decision. But surely Nama, as the largest property holder/developer in the State, would have been required to release these completed dwellings in any event? The Planning Act requires builders to set aside 20 per cent of an estate for social purposes.

Read the article @ The Irish Times


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