Resolution of Unfinished Housing Estates

Since 2011, NAMA has advanced funding for site resolution works on unfinished housing estates (UFHEs) in which it has an interest as a secured lender. In 2010, NAMA had exposure to 335 unfinished housing estates. By end-December 2018, NAMA’s exposure had reduced to just four unfinished housing estates. Strategies are in place for each of these remaining estates, with remediation work underway in respect of two.

This represents major progress in resolving the issue of unfinished housing estates and it has been facilitated through funding advanced to debtors and receivers to enable them to undertake remedial and completion works to unfinished estates.

Location of remaining unfinished housing estates at end-December 2018