The first three months of 2013 saw contracts signed or transactions completed in relation to a further 110 properties made available by NAMA for social housing, including both houses and apartments.

This brings the total delivered under this initiative to end-March 2013 to 339. Of this total transactions are complete in relation to 263 properties and contracts are signed in relation to 76 other units, where finishing out works are underway.

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Minister for Housing and Planning, Jan O'Sullivan, TD, welcomed today’s announcement. She said: "The first three months of 2013 saw good progress in securing additional NAMA units for social housing. 60 transfers were finalised and these houses and apartments will now provide high-quality, secure social housing for families in need of housing. In addition contracts in relation to 50 other homes were completed and works are now underway to prepare these properties for tenants. All partners contributing to this process, NAMA, the Housing Agency, the approved housing body sector and my own Department, are working together to ensure that progress continues in 2013."

(CD)