Residential Delivery Progress

NAMA’s residential delivery programme has worked with debtors and receivers to enhance the value of secured residential assets while contributing towards addressing the serious housing supply shortages nationwide. Along with the direct funding of new homes, NAMA has engaged with debtors/receivers through all stages of the residential development process, where commercially viable to do so. NAMA also had a key focus on preparing residential sites for future development, recognising that not all sites were viable for delivery within NAMA’s lifespan. The NAMA Residential Delivery programme completed during 2025 with all the residential land originally secured to NAMA built on, refinanced, or sold.

NAMA Residential Delivery Progress to end 2025

41,500+ homes delivered

NAMA has facilitated the delivery of over 41,500 residential units since 2014 comprising 14,660 directly delivered and 29,906 indirectly delivered on sites which initially benefitted from NAMA funding for planning permissions, legal or holding costs or site works prior to disposal.

Delivery of NAMA-funded residential units from 2014-2025

NAMA directly funded 14,660 homes since 2014 through funding debtors/receivers, licence agreement or through joint venture. NAMA’s Residential Delivery team worked with a total of 78 debtors or receivers to facilitate new housing development across Ireland. In total, €2.3 billion capital expenditure was provided by NAMA, contributing towards 129 housing developments across 13 counties. This funding delivered much needed housing in new developments in areas of high demand, or the funding of important completion works in existing developments.

Indirectly Delivered Units

A total of 29,906 residential units have been built on sites which initially benefitted from NAMA funding, but which were subsequently sold or refinanced by NAMA’s debtors and receivers. NAMA facilitated the future delivery of housing on these sites by funding planning permissions, legal costs, holding costs, or site enabling works.

Asset Management of Residential Sites

Since 2016, NAMA debtors and receivers have submitted planning applications for over 23,861 residential units (some of which are currently in the planning system) and were successfully granted planning permission for just under 20,000 units.

Retaining Key Sites Within State Ownership

During 2024, NAMA acquired two residential development sites (one in Dublin, one in Kildare) with significant value-add potential and capacity for over 4,000 residential units. The two sites cover 118 hectares of development land. These sites were retained within state ownership and transferred to the Land Development Agency in September 2025 following direction by the Minister for Finance.