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NAMA units aren't a golden ticket- Mayor Holland

11 April, 2016 - by Sarah Holland

At South Dublin County Councils monthly meeting today, the Mayor Cllr Sarah Holland raised the issue of empty NAMA units as a solution to the housing crisis.

The housing team outlined that 591 units were suitable for social housing in the South Dublin County area, of which sales were almost complete on 131.

With almost 9,000 waiting on homes, these units are a drop in the ocean.

Cllr Holland said

“We have previously bought Tallaght Cross from NAMA, and this helped somewhat in getting families out of hotels and into more suitable accommodation.  There is a lengthy waiting list for these, and the apartments themselves are regarded as just a temporary measure to give families time to find private rented accommodation.

South Dublin County Housing team are exhausting every avenue available to them to deal with this crisis, but we need the incoming Government to change policy – mismanagement at the top has left us in dire straits.

The only way to alleviate the housing crisis is to build.  We need to replenish our housing stock.

There is a huge over-reliance on private rented accommodation, which without rent controls, leaves landlords free to wring every penny out of renters and is in short supply.”

The motion was entered after it emerged that vulture funds had bought a number of units in Blanchardstown, and had promptly tried to evict over 100 tenants.

Cllr Holland went on to say

“NAMA have been tasked with getting the best prices for these loans.  In my opinion, we need to strengthen the social clauses to ensure that local authorities are given first refusal.”

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